Commissioner Secretary power, Basharat Ahmad Dar, Managing Director, JKSPDC, Shaleen Kabra signed the agreement on behalf of the Jammu and Kashmir State Government while the Chairman-cum-Managing Director, NHPC, S.K Grag and Chairman-cum-Managing Director, PTC, P.N Thakur signed on behalf of their organisations.
Speaking on the occasion, the Chief Minister pined hope that all the three players of the joint venture will put in every effort to accomplish the task in a given time line. “There are many pit-falls and bottlenecks in your road”, he told them advising to take the joint venture as a challenge and deliver to the best expectations of the people.
Omar Abdullah said that his government is endeavouring hard to transform Jammu and Kashmir from a power deficient State to a self-reliant one and today’s agreement between the State, NHPC and PTC would pave the way for achieving the goal. He impressed upon the signing parties to immediately make the joint venture company operational and take pro-active measures for faster project implementation.
The Chief Minister said that the launch of the Company and the implementation of projects would provide twin benefits-one on the front of generation of electricity and another as vast employment creation for skilled and unskilled youth in the State especially living in backward areas where the projects are located. “I hope all the three parties would focus on enhancing employability of the youth as also ensuring employment to them”, he said and stressed for pooling of energies and capacities to make the joint venture a success. “Better utilisation of rivers to the benefit of the State and its people is our concern”, he said and asked the Company partners to take best advantage of the potential available and the support from the government for harnessing this potential in an efficient manner.He like to wear power balance
“We have placed a capable, experienced and reputed person M.Y Khan as the Chairman of the Company”, he said adding that the Managing Director and Joint Managing Director by NHPC and JKSPDC along with the Chairman would put in their enormous capacity together to see through the completion of the projects successfully.