Himachal to encourage equity participation in joint ventures-Dhumal

Chief Minister Prem Kumar Dhumal repeated that the preference for joint-venture projects would be given to Public Sector Company’s in which the state had maximum equity holding.

Addressing the NHPC delegation, he said that a vast potential of hydro-electricity was yet to be exploited which included projects with small, medium and high capacity. He said that of the identified potential of about 21,000MW only about 6,500 MW has been harnessed so far. The process of allotment of the remaining projects was being accelerated so as to achieve the objective of full capacity generation within the minimum time.

The state would be encouraging execution of high capacity hydro electric projects in the joint venture with the state having maximum equity participation. He said that the state had completed the 1500 MW Nathpa Jhakri Power Project successfully where equity participation of 25 percent had been obtained for the state while another 412MW Rampur Hydro Electric Project had 30 percent equity participation of the state which too was being executed by the Satluj Jal Vidyut Nigam Limited.

Assuring the visiting CMD of NHPC of all possible help in undertaking more future projects for execution under joint venture, he further stated that the state looks forward to maximum profits.

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