Asking New Delhi not to "loot resources" of J&K, AIP president Er Rasheed on Wednesday expressed deep concern over the proposed MOU to be signed between state government, Centre and NHPC for starting work on 850MW Ratle power project.
In a statement Er Rasheed said that while State Power Development Corporation is competent enough to construct Rattle or any other power project, New Delhi seems to be adamant to "loot" our resources and is always utilizing services of NHPC like East India Company.
"While GVK had started the construction on Ratle power project but after feeling that state Power Development Corporation will not allow it to fulfill the selfish designs, the said company left the project half-way.
PDC has successfully commissioned 900MW phase-I and phase-II thus making an annual turnover of more than Rs 1500 crore, it carries no justification to demoralize JK PDC and invite non-state companies. While NHPC will be investing and owning 51% of the total project cost, JKPDC will get just 49% shares. As per agreement the project will be handed over to the state government after 25 years and for the first 10 years state won't get anything."
Er Rasheed alleged that New Delhi is misusing Governor's office and position. "Our party will receive Prime Minister Narendra Modi with black flags in Srinagar on his upcoming visit to protest against the colonial mind set of New Delhi and against looting resources of the state," he added.