KCCI Inc urge quantification, compensation of losses on account of IWT

KCCI Inc urge quantification, compensation of losses on account of IWT
  • 1
    Share

Reiterate timely return of power projects

SRINAGAR: For initiating measures aimed at redressing the looming power crisis in Kashmir valley, the President, Kashmir Chamber of Commerce and Industry (KCCI), Javed Ahmad Tenga has welcomed the urgent intervention of Jammu and Kashmir Chief Minister Mehbooba Mufti, read an official press note issued on Monday.
According to the press note, KCCI president hoped that the intervention at the chief minister level would send a clear signal to the authorities to adhere to norms and ensure uninterrupted supply of power to the region during the winter months.
The Kashmir Chamber of Commerce and Industry also urged the government to take concrete steps regarding the joint demand of Jammu Chamber of Commerce and Industry and Kashmir Chamber of Commerce & Industry (Inc) for quantification and compensation of losses to the state on account of Indus Water Treaty (IWT) and also the timely return of the power projects, further read the press note.
The president also reiterated the demand of the Kashmir Chamber of Commerce & Industry for nomination of efficient and competent officers as chairman and members to the State Electricity Regulatory Commission (SERC).
The SERC being a body empowered to address majority of grievances of the public, it was important that this appellate and regulatory body was re-activated, read the press note.
Kashmir Chamber of Commerce and Industry emphasised on the timely nomination of members to this and other important bodies and commissions of the state as these institutions had a “critical role to play in regulating, monitoring and redressing urgent public issues”.
KCCI has already raised the issues of the T&D (transmission and distribution) losses, being amongst the highest losses in the world and the lowest collection efficiency , lack of transparency, delays in procurement, cost escalation of projects and the absence of tendering policy with the SERC which need fresh cognisance, as and when the new chairman /members are nominated, the press note added.

 

Leave a Reply

Your email address will not be published.