Jammu, Feb 14: Stressing for the need of proper harnessing of hydro-electric water resources, Minister of State for Technical Education and Power, Vikar Rasool, has said that it would help addressing the growing need of electric power besides ensuring employment to youth of the State.
 The Minister was addressing a review meeting of Jammu and Kashmir Power Development Corporation (JKPDC) here today.
 Managing Director JKPDC, Basharat Ahmed Dar, Development Commissioner Power, Manzoor Salroo, Executive Director JKPDC, Zahoor Chat and other senior officers of the corporation and PDD were present, an official statement said.
 Vikar, while emphasizing early taking up of these power projects, as early as possible said that it will ensure self reliance to the state in power production thus helping fiscal well being of the State, as the most of the financial resources are used for buying power from outside the corporations. He said that the State is replete with vast hydro-electric generation possibilities and the need of the hour is to tap these.
 While complementing JKPDC for its achievements, the Minister said that the government would provide all necessary help to it so that it can take up more prestigious projects to fight power scarcity in the State.   
 MD JKPCC presented a detailed presentation about working of the corporation and the achievements registered by it.
 He stressed for augmentation of the infrastructural work being under taken with the active support of the Government. He informed the meeting that the corporation has registered a profit of Rs. 345 crore during 2011-12 and the revenue generation till date of the current financial year has been Rs. 1154.89 crore.
 MD revealed that 27 projects have already been made operational which included 21 in the State sector, 4 in the Central and 2 in the private sector.
 It was also apprised that the corporation has drawn a road map for systematic capacity addition of 9036 MW from 58 projects, of which, 23 projects of 2222.50 MW are being allotted. Similarly, 30 projects with capacity of 2302.05 MW have been tendered out and 5 projects with capacity of 4512 MWs have been prioritized for execution.

Lastupdate on : Thu, 14 Feb 2013 21:30:00 Makkah time
Lastupdate on : Thu, 14 Feb 2013 18:30:00 GMT
Lastupdate on : Fri, 15 Feb 2013 00:00:00 IST