23rd November 1997
The Hindustan Times
Jammu: New hopes have surfaced in the power sector in Jammu & Kashmir after the signing of memoranda of understanding with two foreign consortia. The state government is now confident of getting more foreign investment for its other major power projects.
Negotiations are already on for the Uri phase second, Sewa, Bursar and Sawalkote projects, state power Minister Nirsar Ahmad Khan said. He also said that the MOUs with a Canadian consortium for the Baghliar project, and a Swedish consortium for the Kishenganga project "has given us new confidence. We are also confident that there would be more foreign consortia interested in power projects in the state."
He said that the state government's concentration and area of focus will not remain confined to the big projects alone. "The government is determined to execute mini hydro-electric projects which can be constructed speedily. There is, however, a problem of finance. The government's resources are limited," he said.
Mr Nissar Khan said the state government will seek Central help in this matter. The Centre had recently assured the J&K government of full support for harnessing power potential and improving the overall power scenario in the state. He also said that 12 major hydel projects had been identified for execution.
The assurance was given by Union power Secretary Dr. E A S Sarma at a meeting in Srinagar recently.