Like our Facebook Page

news details

Govt working on modalities for return of power projects: Drabu 5/31/2016 12:27:54 AM Ishtiyaq Ahmad Early Times Report srinagar, May 30: With the Union Power Minister, PiyushGoyal having ruled out transfer of power projects to Jammu Kashmir, State Finance Minister Haseeb Drabu today claimed that the government is working out modalities with the centre to get back power projects from NHPC. Addressing a press conference on Budget at Banquet hall here Drabu said, "The state government is working on modalities to get power projects from NHPC. Several discussions have taken place between GoI and J&K government on the issue and there is a broad-based consensus at the highest level". The finance minister said that the transfer of power projects has been under discussion for the last decade or so. "The demand of return of power projects is from last so many years. Even it has been backed by recommendations of the working groups appointed by the Prime Minister as well as PM's high level task force on J&K. He said in the Agenda of Alliance, worked out between PDP and BJP prior to formation of coalition government, it has been noted that the state government will explore modalities for transfer of Dulhasti and Uri hydro power projects run by NHPC to Jammu and Kashmir as suggested by the Rangarajan committee report and the Round table reports. Finance minister further said that the J&K government is working to evolve a model in which the power projects can be transferred without affecting the market value and shareholders of NHPC - a listed company with majority of its shareholding with the government of India, which manages the projects in the state. However the minister was reluctant to give more details over the issue. "It is not the right time to share details of what modalities are on between JK government and the centre. Let we reach to some good news. We will inform you," he said. It is to mention here that Power Minister, Piyush Goyal has ruled out transfer of Dulhasti and Uri power projects to Jammu Kashmir saying no decision had been taken over the demand yet. "NHPC can't pay percentage of profits that it earns by investing in the hydel power projects to the state."NHPC is a listed company and only the shareholders are paid the profits. Decisions are not taken over all demands"Goyal had said while addressing reporters through video-conferencing from New Delhi.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

Politicians, babus occupy 12000 kanals of forest land BSNL under scanner for multi-crore scams, poor services BJP ministers' much-hyped 'public darbars' a hoax BJP, ABVP not on same page on NEET issue JKPCC allots Rs 17 cr work, sans tenders Efforts afoot to post armed police Inspector as SHO No provision for disaster preparedness in budget BJP MLC fights it out with party minister over faulty mike system Govt exploring jobs in private sector: CM 2 BJP ministers manage 'favourite' DSPs' posting in their areas 4 houses gutted at Bingara 'Kashmir belongs to Kashmiri Hindus' JU's VC accused of favouritism Hizb pamphlets circulated inside Jamia Masjid Kishtwar Govt HS Lakhanpur faces negligence Overloading, overcharging in passenger vehicles unabated NC legislators boycott budget speech, stage walk-out Forests on fire in Sunderbani, officials unmoved Repair work starts on broken stairs Pawan questions Guv’s address, exposes BJP Mantris play tricks to keep vote bank intact Of over 6 lakh unemployed in J&K, only 111077 registered with DE&CCs BJP ministers ignore loyal party workers Govt working on modalities for return of power projects: Drabu India can destroy entire Pakistan, say experts 25 yrs on, hospital still lacks Power backup facility Budget aims to bring financial discipline in J&K Vigilance begins probe into allegations against CCBL Chairman 2 BJP ministers manage 'favourite' DSPs' posting in their areas Casual labourers hold anti-govt protest in Srinagar Guidelines violated as PDP leader projects tainted applicant

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE