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| Cabinet approves LADF to all HEPs for local area development | | | Early Times Report
Srinagar, June 19: The Cabinet which met here today under the chairmanship of Chief Minister Omar Abdullah approved creation of Local Area Development Fund (LADF) for all Hydro-Electric Projects Commissioned during and after 2008 with contribution of 1 % free power generated by the project allocated to State for the purpose by all Hydro-Electric Projects (HEPs).
According to official spokesperson, the State Government shall also facilitate 1 % by way of Development Grants. "A special provision for creation of LADF has been made under the State Hydro Power Policy to carry out Local Development Activities to ensure visible additional benefit to local communities in the project area as part of the cost of the project, spokesperson said. |
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