BREAKING NEWS

03-23-2019     3 رجب 1440

Welcome move

March 09, 2019 |

The Centre’s decision to approve funding for the construction of Kiru hydroelectric project in Kishtwar is a welcome move. The 624 MW project to be built at the cost of Rs 4287.59 crore, will be jointly owned by Power Trading Corporation, NHPC and Chenab Valley Power Projects Private Limited. Once the project is complete, it will become an asset in the hands of the J&K government. The state faces acute power shortage during winters due to which we have to purchase units at hefty prices to meet the growing need of power. People are wont to turn to electric appliances to beat the winter chill and keep warm, thus spiking the demand exponentially. This extra power purchase puts additional burden of hundreds of crores on the public exchequer and takes away a big chunk of money from the state’s budget which could otherwise be invested in improving the state of education, healthcare or setting up a world-class scientific research institute, for instance. Coupled with the augmentation of the power infrastructure taking place in the state under various state and centrally sponsored schemes, the Kiru project will certainly help in addressing this power deficit and relieve the government of the burden of making additional power purchases. However, this should not be the end of it. More needs to be done to expand the power generation capacity of Jammu and Kashmir. According to independent estimates, the state of Jammu and Kashmir has the potential to generate thousands of megawatts of clean energy annually if the rich water resources in the form of rivers and gushing streams are exploited judiciously. Unfortunately, due to the political turmoil in the past three decades, very little has been done in this direction. As private investors stayed away from trying their fortunes in Jammu and Kashmir, successive governments, both in the state as well as the centre, too closed their eyes to this nature’s blessing due to their own shortcomings or the lack of political will, or both. The state’s crippling finances and inadequate resources only ensured that the rivers are not exploited for good, i.e., for changing the fortunes of Jammu and Kashmir, because our policymakers remained focused on insurgency, turmoil and human rights. In this light, the BJP-led Centre’s decision to approve funding for Kiru power project is a significant step that can become a game changer. It should encourage not only the state government to plan and execute more such projects, and on its own, but also attract private investors to exploit the state’s abundant water resources.

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Welcome move

March 09, 2019 |

The Centre’s decision to approve funding for the construction of Kiru hydroelectric project in Kishtwar is a welcome move. The 624 MW project to be built at the cost of Rs 4287.59 crore, will be jointly owned by Power Trading Corporation, NHPC and Chenab Valley Power Projects Private Limited. Once the project is complete, it will become an asset in the hands of the J&K government. The state faces acute power shortage during winters due to which we have to purchase units at hefty prices to meet the growing need of power. People are wont to turn to electric appliances to beat the winter chill and keep warm, thus spiking the demand exponentially. This extra power purchase puts additional burden of hundreds of crores on the public exchequer and takes away a big chunk of money from the state’s budget which could otherwise be invested in improving the state of education, healthcare or setting up a world-class scientific research institute, for instance. Coupled with the augmentation of the power infrastructure taking place in the state under various state and centrally sponsored schemes, the Kiru project will certainly help in addressing this power deficit and relieve the government of the burden of making additional power purchases. However, this should not be the end of it. More needs to be done to expand the power generation capacity of Jammu and Kashmir. According to independent estimates, the state of Jammu and Kashmir has the potential to generate thousands of megawatts of clean energy annually if the rich water resources in the form of rivers and gushing streams are exploited judiciously. Unfortunately, due to the political turmoil in the past three decades, very little has been done in this direction. As private investors stayed away from trying their fortunes in Jammu and Kashmir, successive governments, both in the state as well as the centre, too closed their eyes to this nature’s blessing due to their own shortcomings or the lack of political will, or both. The state’s crippling finances and inadequate resources only ensured that the rivers are not exploited for good, i.e., for changing the fortunes of Jammu and Kashmir, because our policymakers remained focused on insurgency, turmoil and human rights. In this light, the BJP-led Centre’s decision to approve funding for Kiru power project is a significant step that can become a game changer. It should encourage not only the state government to plan and execute more such projects, and on its own, but also attract private investors to exploit the state’s abundant water resources.


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© Copyright 2018 brighterkashmir.com All Rights Reserved. Quantum Technologies

Owner, Printer, Publisher, Editor: Farooq Ahmad Wani
Legal Advisor: M.J. Hubi
Printed at: Abid Enterprizes, Zainkote Srinagar
Published from: Gulshanabad Chraresharief Budgam
RNI No.: JKENG/2010/33802
Office No’s: 0194-2451076, 9622924716 , 9419400056
Postal Regd No: SK/135/2010-2019
Administrative Office: Abi Guzer Srinagar

© Copyright 2018 brighterkashmir.com All Rights Reserved.