Ensure strict adherence to deadlines of power projects to avoid cost escalation: Advisor Sharma to JKSPDC

Advisor to Governor KK Sharma on Wednesday called for making sustained efforts to fully tap the hydro-electric and other power generating sources to make the state self-sufficient in power generation.

He said such steps would open up employment opportunities and also address the power deficit of the state.

The Advisor was speaking at the Seventh (7th) meeting of Management and Finance Sub-Committee of Jammu Kashmir State Power Development Corporation (JKSPDC) here on Wednesday, an official handout said.

During the meeting, the MD, JKSPDC informed about the various ongoing projects and the PDC’s future road map.

The Advisor underscored the importance of all identified objectives being achieved within envisaged time frames for the development of hydropower in the state, keeping in view the immense potential of this sector.  He asked the MD to urgently identify project-wise critical issues and personally ensure strict adherence to the timelines of each project to avoid the cost escalation and generation loss due to the traditional recurring delays in project execution.

The Advisor noted that the hydropower potential of J&K, if exploited to its fullest, shall enable all-round socio-economic growth and development and enhancement of the economy.

The Advisor directed that the Committee meetings should be held at regular intervals to ensure timely decisions and to accelerate the progress of project implementation.

He asked the Managing Director PDC to ensure that the Corporation’s internal systems is strengthened and streamlined to ensure the timely approval of various power projects and the effective management of every Contract.

While discussing the issue of sale of power by JKSPDC, he impressed upon the Corporation to develop in-house robust system to manage the intricacies of trading of power.