NHPC, J&K to ink joint venture on 3 projects

The equity share will be 49:51, with 49 per cent for the state and 51 per cent for the NHPC.

The state cabinet has approved the draft MoU for the projects, after a meeting of J&K Power Development Department officials with Union Minister of State for Power Jairam Ramesh, besides top NHPC officials, in New Delhi last month.

 

A decision was taken by the state government to float the Chenab Valley Corporation for the purpose with its chairman from Jammu and Kashmir. The issues regarding the employment proportion of the local youth in these upcoming power projects and finance were also discussed.

On employment, the ratio for the local people will remain 80:20 in the case of Class IV employees, and 49:51 for middle and top posts. Besides this, NHPC will give 12 per cent of the power generated gratis to the state.

The projects are the 1,000 Mw Pakal-Dul project in Kishtwar, and the 600 Mw Keru project and the 520 Mw Kawar project in Doda. The Power Finance Corporation will provide funds for the projects.

The corporation has also provided an additional amount of Rs 200 crore on the request of J&K government for the completion of Baglihar power project on the Chenab in Ramban district of Jammu.