Return of power projects: Transfer on mutually acceptable terms, says MoU with GoI

Return of power projects: Transfer on mutually acceptable terms, says MoU with GoI
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SRINAGAR: The Government of India (GoI) had agreed in principle to transfer seven hydropower project run by the National Hydroelectric Power Corporation (NHPC) to the state government on mutually acceptable terms, as per an MoU signed between the two in 2000.
The Memorandum of Understanding (MoU) signed by the then JK chief minister Farooq Abdullah with the then Indian Power Minister P Kumaramangalam in 2000, and tabled by the government in state assembly on Wednesday, reveals the projects were handed over to NHPC for funding, execution and operation, after which “A mutually acceptable methodology will be worked out for handling over these projects to JK government separately.”
The seven projects covered by the MoU are Kishanganga (330 mw), Uri II (280MW), Sewa II (120 MW), Bursar (1020mw), Pakal Dul 1000 (MW), Nimuna Bezgo (30MW) and Chutak (18 MW).
However, a top official from State Power Development Corporation (SPDC), told Kashmir Reader that there have been no negotiations about it with GoI since some of the projects have started operations just few years ago, while some are still going through files.
Out of the seven five of them under operations from many years, while there is no head away for Pakal Dul.
Out of these power projects, JK would get 12%, in addition to 15% central share of unallocated quota to meet its winter peak requirements from the above projects. As per the MoU, the NHPC was supposed to complete the project within 10 years , however work on many of them have still not started.