Srinagar: The Jammu and Kashmir yesterday approved the J&K State Hydroelectric Projects Development Policy-2011.
After a meeting of the state Cabinet here talking to reporters, Chief Minister Omar Abdullah said that the new policy would open vistas for the launch of various hydroelectric projects in the state under the independent power producers(IPP) mode. The new policy to be applicable to projects of estimated installed capacity between 2 MW and 100 MW envisaged preference to the state subjects for the projects up to 10 MW, he said.
Omar said the need for a new hydroelectric policy was necessitated due to shortcomings identified by the IPPs in the Jammu and Kashmir State Hydel Policy 2003 when they declined to sign the agreements.
The J&K State Power Development Corporation (J&KSPDC) would be the nodal agency under the policy while projects up to 2 MW would be handled by the Science and Technology Department.
The Cabinet also approved the construction of a four-lane pre-stressed bridge (4th Tawi bridge) downstream the existing bridge over the Tawi in Jammu at an estimated cost of Rs 147 crore.