Battle for power

In a welcome development JK Government has approved the engagement of
a consultant for quantifying the losses suffered by the state on account of Indus Water Treaty.  This would help the government to get an authentic estimate of the losses which in turn can be projected in the discussion with central government for the compensation. Government is hiring M/s Halcrow Consulting India Limited, a part of M/s Halcrow Group of UK for the purpose. The step has come, albeit very belatedly, in the wake of the recommendation by Working Group on Economic Development in J&K headed by Dr Rangarajan for special grant for development of various power projects in the state and enhancement in free component of power from NHPC-run projects in the state to compensate the state.  There is no denying the fact that efforts to seek a better power deal for the state has been one of the core concerns for the state government. Even though, government has met little success so far in this endeavor, the very act of trying to drive a hard bargain is salutary. One biggest success has been the enactment of State Water Resources Regulation and Management Act which imposed water cess on NHPC. Last year, NHPC deposited Rs 450 crore as water usage charges with the state government. The government has also constituted State Water Resources Regulatory Authority. However, there has been little progress in the efforts to seek return of the power projects from NHPC which have completed their stipulated gestation period. Last year, then power minister Taj Mohiudin had ambitiously said that by this year JK Government would get back two power projects of 500 MW each from NHPC from the revenue generated by the water cess and within next five years, the recurring revenue would help the state get back 1000 MW worth of power projects. However, NHPC has snorted at the idea. As recently as last week, NHPC bluntly refused to return the projects to the state government, saying there was no legal basis for it. The government’s response has been lukewarm. After an aggressive stance on NHPC through the first half of its tenure, state government’s efforts to bring back power projects seem to have lost their steam. Even though the sub-committee constituted under Finance Minister Abdur Raheem Rather submitted its report last year and recommended buying back of 690 MW Salal and 480 MW Uri-I power projects at depreciated cost of Rs 2566 crore from NHPC, the issue has not received the adequate attention from the government. Instead, another committee has been constituted to work out the modus operandi. There is thus an urgent need for the government to get its act together on the matter and pursue the return and renegotiation of the power projects vigorously with the centre.

Lastupdate on : Wed, 3 Apr 2013 21:30:00 Makkah time
Lastupdate on : Wed, 3 Apr 2013 18:30:00 GMT
Lastupdate on : Thu, 4 Apr 2013 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM EDITORIAL

  • Kashmir

Boy,16,booked under PSA

Hazratbal residents protest: Police say ‘he is threat to peace’

SHABIR IBN YUSUF

Srinagar, Apr 3: While the J&K government is facing flak from rights bodies over booking ‘minors’ under the controversial Public Safety Act (PSA), authorities have slapped PSA on a 16-year-old boy More



  • Srinagar City

No respite for inundated Rawalpora-Rangreth localities

Water levels rise as ‘political family’ upholds canal blockade

SYED IMRAN ALI HAMDANI

Srinagar, Apr 3: The Rawalpora-Rangreth stretch of the south City, including the only road to prestigious industrial estate at Rangreth and the old Airport continued to be inundated amid rainfall Wednesday More




  • Jammu

Omar chairs SAC-CM meet

‘Popular application of science must’

Jammu, Apr 3: Taking appraisal of the progress made on identified issues relating to utilization of modern sciences to help economic transformation and job-creation in the State, Chief Minister Omar Abdullah More



  • South Asia

44 killed in Taliban attack

Herat, Apr 3: Taliban militants stormed an Afghan court today, killing at least 44 people in a bid to free insurgents standing trial, officials said, in the deadliest attack for more than a year.  More



  • GKeducation&career

More aspirants,fewer seats

Students continue to suffer every year as fewer Varsities in the valley offer limited seats for pursuing various post-graduate courses

HIGHER EDUCATION

AAQIB ASHRAF

After finishing three-year degree courses in colleges, most of the students of the valley who want to pursue higher education have to suffer because of the limited intake capacity in few universities of More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions