Excelsior Correspondent
SRINAGAR, June 4: Government today said Jammu and Kashmir State Power Development Corporation has initiated a fresh bidding process to engage a consultant for quantification of loss on account of Indus Water Treaty (IWT).
In a written reply to the question of M Y Tarigami in Lower House, Minister Incharge Power, said the fresh bidding has been necessitated because the successful bidder of the first bidding process refused to undertake the study.
The Minister stated that transfer of power projects is an important part of the development agenda of the BJP-PDP Coalition Government. “As stated in the Agenda of the Alliance, in order to address the real source of J&K fiscal problem and pave the way for making J&K a fiscally autonomous State, the Government will work with the Union Government to, inter-alai, explore modalities for transfer of Dulhasti and Uri hydro power projects to J&K as suggested by the Rangarajan Committee and the round table reports,” said the Minister.
On March 16, 2015, the Deputy Chief Minister and Finance Minister met the Union Power Minister formally and impressed upon the Union Government the need for transfer of Dul Hasti and Uri projects from NHPC to State among other important issues of power sector, the Minister said.
The Minister further stated that to work out the present cost of the power projects of NHPC in the State, an independent consultant was hired by J&K State Power Development Corporation Limited and based on documents available in public domain like audited balance sheets and Central Electricity Regulatory Commission (CERC) orders the consultant had calculated the present cost of Salal, Uri-1, Dulhasti, Uri-II, Sewa – II, Nimo Bazgo and Chutak HEPS. The report of the consultant is under examination in the J&K SPDC.
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