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news details
JKEEGA delegation calls on MD CVPPPL, seeks compliance of Promoters Agreement
4/27/2021 10:42:39 PM
EARLY TIMES REPORT

JAMMU, Apr 27: The Jammu and Kashmir Electrical Engineering Graduates Association (JKEEGA) delegation under chairmanship of Sachin Tickoo, General Secretary along with Provincial Secretary, Rajeshwar Jamwal today called on Managing Director (MD) CVPPPL Arun Choudhary wherein they expressed resentment over violation of the Promoters Agreement.
The delegation said that the Agreement, dated-10th Dec 2010, defining incorporation of Chenab Valley Power Projects (P) Ltd was signed between four parties namely –Government of Jammu and Kashmir Power Development department, JK State Power Development Corporation, NHPC and PTC but the position of Joint Managing Director is lying vacant since inception which is to be filled from amongst the JKPDD cadre.
Sachin Tickoo drew attention to the Section 5, Clause 5.3[b] of the Promoters Agreement Dated-10th Dec 2010, which read as- ‘The Chairman of the Board shall be Non-Executive professional who shall be appointed by JKSPDC in consultation with NHPC. The posts of Managing Director CVPPL and Joint Managing Director shall be held by nominees of NHPC and JKPDD/JKSPDC respectively.’
The essence of such agreement clause was to ensure equitable sharing of responsibility in decision making and promoting the Technical expertise of the top engineers of the JK Power Development department in Power Projects. The position of Joint Managing Director, CVPPL to be manned by a representative of GOJK PDD is lying vacant since inception despite being provisioned in the incorporation agreement referred above thereby compromising the interests of the Government of Jammu and Kashmir and strangulating the promotion opportunity deemed for the top brass of Engineering fraternity from JKPDD.
Secondly, with respect to the implementation of the Section 9 Clauses 9.12[a] and 9.12[b], the same have been violated conveniently to open up avenues for the rehabilitation of NHPC employees only thereby depriving the young skilled manpower from Jammu Kashmir and GOJK employees an opportunity to work on deputation in CVPPL.
Thirdly, the employees currently on deputation to CVPPL from JKPDD are being deprived of the ‘Lieu Leave-16 days in a calendar year’ and ‘Special Additional leave of 8 days in a calendar year’ as admissible for employees of CVPPL posted at project sites/stations, thereby depriving them of their legitimate rights.
JKEEGA also apprised MD, CVPPPL, that a letter has been also addressed to Lt Governor Manoj Sinha and Principal Secretary Power Development Department seeking to constitute a committee to examine the issues brought to fore regarding CVPPL so that legitimate rights and interests of not only the employees of JKPDD are safeguarded but also the strategic investments of Government of Jammu and Kashmir in the shareholding of CVPPL are duly protected.
MD, CVPPPL listened patiently to the demands of the association and assured to take the issues brought to his notice before the Board of Directors for their redressal.
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