JK suffering irreparable losses under IWT: Omar

Inaugurates power project under IPP


Tangmarg, July 4: Equating self-reliance in power production with financial autonomy, Chief Minister Omar Abdullah Thursday said the bright future of Jammu and Kashmir was in optimum utilization of water resources for power generation.
 “My target is to make Jammu and Kashmir power surplus State and strengthen its economy to such a level where it need not to plead for Central assistance time and again for every development work,” he said maintaining that his government has already laid edifice for this stupendous goal and various projects with generation capacity of 9,000 MW are presently under implementation.
 Omar said Jammu and Kashmir has sustained constant and irreparable loss due to Indus Water Treaty in which the two neighbours- India and Pakistan - distributed rivers.
 He said that all the three rivers of Jammu and Kashmir were given to Pakistan without having any care for the future of the state and its people.
 “Production of green energy from water resources is not only one of the cheapest form of power generation but it is also environment friendly,” he said maintaining that the holistic development of Jammu and Kashmir and the welfare of its people is in the power development.
 He said the government has flagged power sector as one of the most important sectors in the State’s Policy Planning.
 He said under a multi-pronged approach development of power sector has been focused, taking care of all aspects of production, distribution and transmission.
 Inaugurating Drungi Micro Hydro Power Project of 3x3.33 MW capacity on Ferozpur Nallah in Tangmarg launched under IPP mode by a local company, the Chief Minister said that Hydel Power Projects with 9,000 MW capacity have been targeted for execution during 12th and 13th Five Year Plans under the State, Centre and IPP sectors and this initiative would help the State to generate more power than is needed locally.
 Omar said that since the day he took over as Chief Minister, he has focused on the indigenous generation of power utilizing the maximum of 20,000 MW generation capacity available in the State.
 He said a New Hydel Policy has been notified in 2011 and a Power Company also constituted to give considerable fillip to the power generation in the State, an official statement said.
 “My target is to realize the dream of people of the State to relish 24 hour power supply and also export the surplus to other States of the country”, he said and called upon the local entrepreneurs to come forward like Nazir and Mudassir (owners of Drungi Micro Hydel Power Project) and take up the projects reserved for locals under the New Hydel Policy.
 He said Jammu and Kashmir Bank has been asked to provide finances to the local entrepreneurs in this regard liberally.
 He said investment in power sector will always be a gainful economic activity for entrepreneurs and he wants that locals should venture in this sector.
 The Chief Minister said that water resources and natural beauty are the two advantages of Jammu and Kashmir. “While tourism initiative can improve the economy of people and generate various job oriented activities it cannot make good the financial deficit of the State whose total annual income is just over 7,000 crore and expenditure on salaries of government employees alone is Rs 13,500 crore.”
  He said: “The government is not receiving any tax from tourism sector and this sector is also not as vibrant as that of power sector which can revolutionize our economy.”
 Referring to the tourism activities in Gulmarg, the Chief Minister today expressed dissatisfaction over the reports about “pressure tactics employed by the pony owners on tourists.”
 He said the hospitality and high quality service to tourists which has remained the traditional trait of the people of Kashmir should be maintained under all circumstances and its impact should be visible from the faces of visitors.
 The Drungi Micro Hydel Power Project completed at a cost of Rs 90 crores has been financed by the Jammu and Kashmir Bank. The project will provide electricity to the local areas of Tangmarg and Gulmarg and prove highly beneficial for the area especially during the winter season.

Lastupdate on : Thu, 4 Jul 2013 21:30:00 Makkah time
Lastupdate on : Thu, 4 Jul 2013 18:30:00 GMT
Lastupdate on : Fri, 5 Jul 2013 00:00:00 IST

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