Financial restructuring of PDC: Navin Chaudhary holds meeting

On the occasion, various issues were discussed threadbare regarding the financial restructuring of PDC which includes liquidating the power purchase liability of the PDD and infusion of fresh state equity into the PDC, according the spokesperson.

GK NEWS NETWORK
Srinagar, Publish Date: Oct 10 2018 10:05PM | Updated Date: Oct 10 2018 10:05PM
Financial restructuring of PDC: Navin Chaudhary holds meetingFile Photo

Principal Secretary, Finance Department, Navin Kumar Chaudhary, on Wednesday convened a meeting of officials of Jammu and Kashmir State Power Development Corporation (PDC) to discuss the financial restructuring of the corporation.

According to an official spokesperson, the meeting was attended by Commissioner Secretary PDD, Hirdesh Kumar, Director General, Perspective and Manpower Planning, Planning Development and Monitoring Department, Shahzad Bilal, Director Budget, Finance Department, ImtiyazHussain, Director Finance, PDD, Director Finance JKSPDC and other concerned officials.

On the occasion, various issues were discussed threadbare regarding the financial restructuring of PDC which includes liquidating the power purchase liability of the PDD and infusion of fresh state equity into the PDC, according the spokesperson.

The valuation of token value assets of Rs 1 transferred by the PDD to PDC at the time of its incorporation, which had a value of Rs 916.54 crore, and treating the same as the state equity was also discussed in the meeting. Payment of surcharge receivable on outstanding power purchase liability from PDD also came up in the discussion. The Principal Secretary Finance gave various on spot directions and asked the officials to implement them at an earliest.

 

 

Latest News

  1. India, Pakistan armies’ trade fire along LoC in Poonch
  2. India, Pakistan armies’ trade fire along LoC in Poonch
  1. JKLF chief Yasin Malik released on bail, re-arrested: Spokesperson
  2. JKLF chief Yasin Malik released on bail, re-arrested: Spokesperson
  1. PDP expels Basharat Bukhari, Peer Hussain from party
  2. PDP expels Basharat Bukhari, Peer Hussain from party
  1. Mumbai man, released from Pakistani prison, reaches India
  2. Mumbai man, released from Pakistani prison, reaches India
  1. Ending disbursement of subsidised sugar anti-people move: Farooq Abdullah
  2. Ending disbursement of subsidised sugar anti-people move: Farooq Abdullah
  1. Super-50 free coaching: DSEK declares waiting list of candidates
  2. Super-50 free coaching: DSEK declares waiting list of candidates
  1. Missing fitness trainer found hanging in north Kashmir’s Baramulla
  2. Missing fitness trainer found hanging in north Kashmir’s Baramulla
  1. Delhi HC seeks reply from Centre, jail on Asiya Andrabi's plea against solitary confinement
  2. Delhi HC seeks reply from Centre, jail on Asiya Andrabi's plea against solitary confinement
  1. Governor, his advisors must take responsibility of Pulwama civilian killings: Er Rasheed
  2. Governor, his advisors must take responsibility of Pulwama civilian killings: Er Rasheed
  1. Winter vacations announced for Jammu and Kashmir colleges
  2. Winter vacations announced for Jammu and Kashmir colleges
  1. On JRL call, funeral prayers in absentia held for Pulwama slain
  2. On JRL call, funeral prayers in absentia held for Pulwama slain
  1. Bihar school segregates students on caste lines, inquiry ordered
  2. Bihar school segregates students on caste lines, inquiry ordered
  1. PDP MP protests in Parliament against Pulwama civilian killings
  2. PDP MP protests in Parliament against Pulwama civilian killings
  1. Won't let PM sleep until all farms loans waived: Rahul Gandhi
  2. Won't let PM sleep until all farms loans waived: Rahul Gandhi
  1. Imran Khan hopes US-Taliban talks end Afghan suffering
  2. Imran Khan hopes US-Taliban talks end Afghan suffering
  1. Charred body of Kulgam resident found in Shopian
  2. Charred body of Kulgam resident found in Shopian
  1. Normalcy in Kashmir after three-day shutdown over Pulwama civilian killings
  2. Normalcy in Kashmir after three-day shutdown over Pulwama civilian killings
  1. Toll rises to 8 in Mumbai hospital blaze, 25 critical
  2. Toll rises to 8 in Mumbai hospital blaze, 25 critical
  1. Sajjan Kumar resigns from Congress primary membership, writes to Rahul
  2. Sajjan Kumar resigns from Congress primary membership, writes to Rahul
  1. Leopard mauls four-year-old to death in Jammu
  2. Leopard mauls four-year-old to death in Jammu
  1. Father of Hamid Ansari thanks India, Pakistan governments for son's release
  2. Father of Hamid Ansari thanks India, Pakistan governments for son's release
  1. No one can 'dictate' to China what it should, shouldn't do: Xi
  2. No one can 'dictate' to China what it should, shouldn't do: Xi
  1. Twitter warns 'unusual activity' from hackers in China, Saudi Arabia
  2. Twitter warns 'unusual activity' from hackers in China, Saudi Arabia
  1. Intense cold wave continues in Kashmir Valley, Ladakh
  2. Intense cold wave continues in Kashmir Valley, Ladakh
x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine