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| Power crisis affects industrial growth in J&K | | | EARLY TIMES REPORT
JAMMU, April 28:
Following no improvement in power generation leading to heavy load shedding the growth in the industrial sector in Jammu and Kashmir continued to be tardy. Official sources said that every year number of industrialists, most of them from outside the state, evinces interest in setting up their units in Jammu and Kashmir but they postpone the exercise when they come to know about the problem of power crisis.
Reports said that self-sufficiency in power had been one of the major factors responsible for rapid industrial growth in Himachal Pradesh.
Sources said that during the last five years the state has been experiencing a gap of about 500 MWs between the demand and availability.
Reports said that against the demand of about 2100 MWs not more than 1500 MWs of electricity has been available.
According to these reports, industrial entrepreneurs have not felt enthused over the Government's offer of providing cent per cent subsidy on the purchase of diesel generators for keeping the units functional.
An industrialist said that "it is now very costly to run diesel generators when the prices of diesel and petrol continue to rise."
Reports said that the state Government has not been able to earmark sizable amount of money for construction of mini and micro hydel power projects in the state. Since it has, during the last 30 years, depended on the central financial assistance for building new power projects no major headway has been possible because of paucity of funds and on account of the limitations imposed by the Indus Water Treaty.
Experts are of the view that the state and the central Governments need to concentrate on investing money on the construction of mini power projects on the plea that such an exercise was neither time consuming nor a costly venture.
These experts said that already the problem of unemployment in the state had assumed new dimensions with about six lakh educated youth registered in the employment exchanges and the problem can be resolved through rapid growth in the industrial sector.
For ensuring new industrial units coming up in Jammu and Kashmir the state Government had to redraw its policy on power generation.
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