ADVERTISEMENT
Monday, June 27th 2022
Today's Paper
The Kashmir Monitor
  • Login
₹ Contribute
No Result
View All Result
  • LatestLive
  • News
  • Kashmir
  • India
  • World
  • Politics
  • Editorial
  • Business
  • Sports
  • Education
  • Health
  • Tech-Film
  • Auto
  • Crypto
  • Travel
Today's Paper
The Kashmir Monitor
  • Login
Contribute
No Result
View All Result
The Kashmir Monitor
Home Business

J&K Govt to raise Rs 11,000 crore to liquidate power liabilities

Monitor News Bureau by Monitor News Bureau
Sep. 30, 2020 Updated 6:23 pm. IST
A A
power
0
SHARES
102
VIEWS
Share on FacebookShare on Twitter


 

Srinagar: Principal Secretary, Power Development and Information Departments, Rohit Kansal who is also the Managing Director of Jammu and Kashmir Power Corporation Limited (JKPCL) today chaired the 4th Board of Directors meeting of Corporation at Civil Secretariat here.

ADVERTISEMENT

The meeting was attended by Directors of Board including DG Audit and Inspections, Fayaz Ahmad Lone; Chief Engineer (Trading) JKPCL, Mohammad Yousuf Baba while as Joint Secretary, Ministry of Power, GOI, Mritunjay Kumar Narayan and Additional Secretary, Science and Technology Department, Shafiq Ahmad, participated in the meeting through video conferencing.

The BoDs held a detailed discussion on infusing the liquidity in Power Distribution Companies (DISCOMs) besides other impediments faced by the Corporation for effective service delivery to the public.

Kansal
DIPR Photo

The Board also discussed in detail the plan for utilizing the component of funds received under Atmanirbhar Bharat Abhiyan besides roadmap for implementing various features enumerated for power sector in this Self Reliant India Campaign.

The Board decided to raise more than Rs 11,000 Crores for liquidating the power liabilities accrued till June 2020 under Atmanirbhar Bharat Abhiyan. This measure is going to relieve the department of the liabilities and interest accruing from it and infuse new lease of life into its subsidiary companies constituted after dis-bundling of the Power department.

ADVERTISEMENT

The BODs also approved for engagement of a Company Secretary for managing activities and other financial affairs of Corporation  for a period of six months initially for managing the affairs of the Corporation professionally. The Board besides approved appointment of new members into the Board as directors to bring multiple opinions and professionalism into the working of the company.

In another move the department also requested the GOI for enhancing the allocation of power supply for winter months as the region faces a deficit of 1200-1400 MWs during that period. The department asked for an additional 1500 MWs for meeting the demand of extra power supply from thermal and gas power plants.

The department has enhanced its handling capacity to a greater extent as a network of grid stations has been inaugurated during current year. It was given that the measure is going to address the power woes of this region during peak winter months.

Later the meeting also took review for winter preparedness of the department here in Valley. It was given in the meeting that sufficient number of transformers have been stored besides the network of LT/HT has also been strengthened to withstand the weather vagaries of this harsh season.


Next Post
Power Woes: Kashmir doesn’t have infrastructure to acquire more electricity

NHPC shuts down J&K power plant till March 2021

Discussion about this post

Logo

Copyright © 1996 - 2022 - All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Monitor.

No Result
View All Result
  • Home Page
  • Latest News
  • Lead Stories
  • News
  • Kashmir
  • India
  • World
  • Politics
  • Education
  • Business
  • Environment
  • Health
  • Sports
  • Editors’ Picks
  • Videos
  • Lifestyle
  • Tech-Film
  • Today’s Paper

Copyright © 1996 - 2022 - All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Monitor.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In