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CVPPPL misleading people: Power stakeholders 8/31/2015 11:22:46 PM Early Times Report Srinagar, Aug 31: Four months after Chenab Valley Power Projects Private Limited (CVPPPL) claimed that the Indian Power Ministry has given its go-ahead to them for setting up two power projects-Dulhasti-II and stage second of Uri-I-with cumulative capacity of 940 MW, in Jammu and Kashmir, the power players in Valley have accused it of misleading the people and have said that CVPPPL cannot go against the wishes of NHPC as they are holding equity of 49 per cent in CVPPPL. A delegation headed by one Habibullah Malik told valley based news agency that Chairman, Director of Boards, CVPPPL, M Y Khan has mislead and befooled the people of Kashmir. "Our state owned corporation would have been in dictating position if CVPPPL had structured it like Jammu Kashmir State Power Development Corporation (JKSPDC) at dominant position but present structure completely favours NHPC which is holding 49%, JKSPDC 49% and rest 2% PTC. The PTC with 2% being the subsidiary of NHPC will definitely favour NHPC in board meeting," the delegation said. "The claim of CVPPPL to hire consultants and to start work on the two power projects in 2016 is charade. We fail to understand how CVPPPL will execute two key power projects by holding only 49% equity," they said and alleged that CVPPPL is NHPC with a name change. Pertinent to mention here that Chairman, Director of Boards, CVPPPL, M Y Khan had said in April this year had stated: "We were able to persuade the Power Ministry to hand over Dulhasti-II and 2nd stage of Uri-I to the CVPPPL, much against the wishes of NHPC. It took us more than three years to get the consent from the Ministry."   Share This News with Your Friends on Social Network     Comment on this Story

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