Now, Kashmir Inc raises pitch against PDD corporatization

Now, Kashmir Inc raises pitch against PDD corporatization

“The impending privatization of PDD will affect the common people. We oppose any such proposal tooth and nail.

Valley’s apex business chamber, KCCI, today raised serious objections to the proposed unbundling of Power Development department stating that it would “bring more darkness to the people in Kashmir”.

Senior Vice-President, Kashmir Chamber of Commerce and Industry Mushtaq Ahmad Wani in a statement expressed serious reservations to the corporatization of PDD and demanded immediate shelving of the unbundling process and proposal.

“The impending privatization of PDD will affect the common people.  We oppose any such proposal tooth and nail,” he said. 

The chamber alleged that everything (regarding corporatization of the PDD) was being done clandestinely without taking into consideration the opinion of stakeholders particularly the employees.

The chamber alleged that even the consumers were being kept in dark regarding this proposal which would have a direct impact on them.

Wani said the KCCI had been demanding since long that NHPC run power projects in Jammu and Kashmir should be returned to state government. “But instead of getting back the power projects, our administration is busy trying useless steps which ultimately won’t yield any results,” he said.

“One of the main reasons for the business and industry sectors in Kashmir facing losses is the erratic power supply. Students and common people too suffer a lot due to non-availability of electricity,” Wani said.

He said the PDD could not improve unless NHPC run power projects were handed over to the state.

“It is an irony that despite assurances by the then Prime Minister and also the recommendation by a Prime Ministers Task Force in 2004 in this behalf, the power projects have not been returned to the state,” he said.

“We have water resources sufficient enough to generate 20,000 MW. Instead of focusing on their exploitation, the government is trying useless methods like the corporatization,” Wani said.

To mention, the government has planned to break the department into four power companies which have already been registered. The companies shall deal separately with transmission, distribution and trading of power in the state.