JKSPDC 74th BoD meet
JAMMU: Governor Jammu and Kashmir, Satya Pal Malik on Monday stated that harnessing full hydro potential of rivers in the state would not only meet our own demand-supply gap but also augment the energy supply of other states.
Malik was speaking during the 74th meeting of the Board of Directors (BoD) of Jammu and Kashmir State Power Development Corporation (JKSPDC) at the Raj Bhavan here. While discussing various activities to be taken under corporate social responsibility (CSR), he directed that funds under the CSR should be spent judiciously, an official release read.
The state has a vast hydro potential of 20,000 MW of which projects of 16,475 MW capacity on rivers – Chenab (11,283 MW), Jhelum (3,084), Ravi (500MW), and Indus (1,608) already been identified, the release read.
Malik stressed on efforts to execute projects with efficiency to achieve desired objectives of all round development of the hydro power sector in the state.
Administrative Secretary to the power development department/managing director, JKSPDC informed that during 2018-19, JKSPDC generated 5,188.06 million units of energy which gave revenue of Rs 1,406.59 crore., read the release.
“Annual accounts of the corporation for the year 2014-15 and revenue budget estimates of the corporation for the year 2019-20 were also approved by the board. The board also approved convening of annual general meetings (AGM),” it added.