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Jammu KashmirJK restless for snatching two Power Projects from NHPC

JK restless for snatching two Power Projects from NHPC

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JK restless for snatching two Power Projects from NHPC

Srinagar, Feb 10: The state government that has very poor record in executing and sustaining its own power projects has been restless for very long to snatch the two NHPC Projects seeing the profit figure in the NHPC's balance sheet.  The state government under any political dispensation being centric always demanded the functional power projects transferred from NHPC on the one pretext or the other.

Finance Minister Haseeb Drabu on Friday said the and Kashmir government is holding hectic parleys with the GOI over the return of atleast two power projects from the power giant NHPC to the state government.

The chief minister Mehbooba Mufti during her recent visit to New Delhi raised the issue with the Prime Minister and that the state government is optimistic of a serious breakthrough soon.

Without divulging further details, Drabu said hopes could be raised over the return of atleast two power projects from the NHPC to the state government. “We (state government) have been very much involved in the entire process and we are working on the modalities that could pave way for making it happen,” Drabu told.

But sources said that the PDP-BJP Government's ‘agenda of alliance' talks about exploring modalities for transfer of NHPC-owned 390-mw Dulhasti and 480-mw Uri hydro power projects to the State, securing a share in the profits of NHPC emanating from J&K waters to the State and revising all agreements with the company.

Finance Minister, who presented the state during the recently concluded budget session said the Jammu and Kashmir's chief minister Mehbooba Mufti is rigorously pursuing the matter with the GOI and her recent meeting with the Prime Minister has been ‘fruitful'. When asked whether the royalties between NHPC and the state government would be reframed too, Drabu said government's prime focus at present is about the return of the power projects and it is working on this direction only for now. “I cannot give you the exact date when projects would be returned but I can give you assurance that the matter is seriously being discussed and it will yield the desired results for the people of Jammu and Kashmir,” Finance Minister said.

Pertinently, the NHPC, between 2001-2015, has earned at least Rs 194 billion (Rs 19,431 Crores) in last five years from the sale of power generated by all its hydel projects in the country. J&K Government had paid Rs 41 billion (Rs 4,129 Crores) to NHPC to buy 19.7% of the power that was generated by the hydel projects situated in the State. Besides the NHPC has also been paying over Rs. 500 crores of rupees annually to as water usage charges imposed by J&K.

The NHPC is running seven hydroelectric power projects in the J&K which include Salal, Uri-I, Dulhasti, Sewa-II, Uri-II, Chutak and Nimmo Bazgo. Official documents reveal that NHPC has generated 1, 15,636 million units of power from these projects from 2001 to March 2016.The NHPC data reveals that Salal has generated saleable energy 2973.54 MU in 2014-2015 and earned a profit of Rs 302.31 crore by selling power to different utilities in the country. Uri-I has generated 2635.70 MU saleable energy, with a profit of Rs 417.87 crore in 2014-15.Dulhasti has generated saleable energy of 1850.94 MU in 2014-15 with a profit of Rs 1068.19 crore.Sewa-II has generated 479.60 saleable energy with a profit of Rs 221.26 crore.Uri-II has generated saleable energy of 1008.87 MU with a profit of Rs 467.52 crore, Chutak have generated 158.76 MU with a profit of Rs 132.41 crore and Nimmo Bazgo has generated saleable energy of 194.25 MU with a profit of Rs 175.45 crore respectively. Seven hydel projects were handed over to the NHPC for funding, execution and operation over a period of 10 years under a Memorandum of Understanding (MoU) signed between the J&K Government and GoI.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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