J&K's financial autonomy is linked with power generation: Omar

Image
Press Trust of India Jammu
Last Updated : Dec 18 2013 | 6:47 PM IST
Chief Minister Omar Abdullah today said his vision to bring economic autonomy to Jammu and Kashmir is linked with harnessing a maximum of 20,000-MW Hydro-Power potential available in the state.
"My government has laid the edifice in this regard and is firmly working on a roadmap to realise generation of 9000MWs of power within next 7 to 8 years," Omar said.
He maintained that while the total annual power generation in the state stood at 750MWs, indigenously since Independence, his government has launched various Hydro-Electro projects of capacity of 1750MWs in last five years.
Addressing a gathering after laying the foundation of a Rs 640.40-crore Parnai Hydro Electric Project near here, Omar said the important turnaround in the financial resources of Jammu and Kashmir is only possible when the state generates surplus power to export it to other states and earn substantial revenue for its development.
While tourism in the state is dependent on normality, generation of power, though of longer gestation, is a permanent avenue to revolutionise the financial status as also catapult the job scenario, Omar emphasised.
The Chief Minister said that while the Parnai Project will generate 37.50MWs of power after its completion, it will also eradicate chances of flood in Surankote besides helping in the irrigation and thus generating employment for locals.
"I have told the Minister of State for Power to work with local administration for identifying 250 to 300 youth of the area who would be provided free training including free boarding and lodging outside the state so that after the completing of the required training they are absorbed in the upcoming Parnai HEP," he said.
"I have categorically asked power companies in the state to necessarily engage locally available skilled and unskilled youths and identify the trades where the state government could help to upgrade the skills of locals to make them fit for the projects," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 18 2013 | 6:47 PM IST

Next Story