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| Rather seeks central funding for execution of HEPs | | | EARLY TIMES REPORT
NEW DELHI, Jan 19: Maintaining that exploitation of local hydel resources was imperative for meeting the future energy needs of the State, the J&K Minister for
Finance, A.R. Rather today sought liberal financial support for various hydro-electric projects (HEPs) by suitable augmentation of the State plan.
Speaking at the pre-budget conference of State Finance Ministers held here today under the Chairmanship of Union Finance Minister, Pranab
Mukherjee, Rather also sought expeditious investment clearances by the concerned Central institutions and provision of adequate funding in the next year’s Union Budget for various hydro-electric project identified for execution. He said that State Government has handed over several identified sites to the National Hydro-Electric Projects
Corporation (NHPC) for execution of hydro electric projects.
Additionally, MoU has been signed long ago to execute three projects
viz Pakaldul Kiru and Kawa with a total capacity of 2120 MWs in joint sector between NHPC and the J&K State Power Development Corporation.
"Early completion of all these projects is necessary not only for J&K but also in the national interest. Mr. Rather said adding that similar priorities also need to be given in respect of other Central investments in the State including improvements to the National
Highway 1A, Udhampur- Qazigund Railway line, thermal project of NTPC and other projects under implementation and those to be undertaken in near future by any Central government agencies or CPSUs,” Rather added
Highlighting burgeoning problem of un-employment among the youth of the State, Rather said rapid and sustained industrialization is the only solution to the problem. He reiterated demand of the State for complete restoration of industrial package so that the Rather said that the Union Budget, apart from reflecting the fiscal and monitory policies of the Union Government and the budgetary demands of its
Ministries, also reflects a sizable chunk of the financial allocations to the States as per Awards of the Finance Commissions as also the block of development assistance from the Centre in supplementing the efforts of the States to achieve the socio economic goals set up at the national level in the shape of their annual plans.
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