Business Standard
Friday, Jun 01, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Top official favours hydel projects
Shishir Prashant / New Delhi/ Dehra Dun Aug 14, 2010, 00:49 IST

Ahead of the Ganga river basin authority’s meeting to decide the fate of hydel projects on the Bhagirathi in Uttarakhand, R Chidambram, Principal Scientific Advisor (PSA) to the government, yesterday favoured the construction of such dams in order to maintain 8-10 per cent growth in the country.

“If we have to grow by 8-10 per cent, the industry, which is growth intensive, must also grow at a faster pace for which we need power from hydro, nuclear and all other resources,” said Chidambaram.

“The hydel projects should be allowed to be built,” he said when asked specifically to comment on the controversial issue of constructing hydel projects on Bhagiarathi and other tributaries of the Ganga.

Chidambram’s comments assume significance in view of recent decision by a group of union ministers to scrap two key hydel projects – 480 Mw Pala Maneri and 381 Mw Bhaironghati on Bhagirathi. However, a final decision on the issue is yet to be taken by the Ganga river basin authority which is expected to hold its meeting in this regard shortly.

Chidmabram also said the country would need 1 million Mw of power by 2050 in order to maintain the healthy growth rate of 8-10 per cent. Out of that, nearly half of the energy (around 0.5 million Mw) would come from nuclear projects, he said. In this regard, the country would go ahead with its ambitious programme to build more nuclear projects as uranium was now easily available from the foreign countries, he said.

Chidambram said he was looking forward to prepare a new model for the overall development of rural areas in the country with the active involvement of ex-servicemen. The country is having a large number of retired personnel from armed forces, who are skilled, disciplined and familiar with handing equipments.

“We have held a brainstorming session with top NGOs like HESCO to develop this model in order to give boost to the development in rural areas,” he said.

In this regard, he said the central institutes like RuTAG and BARC would also be involved.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- Kavveri Telecom Q4 net declines over 6%
- Wall Street opens flat on economy worries
- RIM to set up first BlackBerry innovation zone in India
- Rajaratnam bragged about sources of inside info: Gupta lawyers
  Read Business news in 
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Slowdown gets worse, GDP growth sinks to 9-year low
- India Inc ready to shift to other side of the dot on www
- India to be $2-trn economy by FY13-end?
- M&M has a Rs 7,500-cr spending plan over three years
- IIT alumni to move court on changes in JEE
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us