Encouraging Local Entrepreneurs’ Participation In JKSPDC

KL Report

Jammu

 To meet the objective of State Hydel Policy 2011 providing for reservation of projects upto 10 MW for J&K residents, the proposal for relaxation of the pre-qualification criteria for 10 MW capacity projects, moved by Jammu and Kashmir State Power Development Corporation(JKSPDC), has been  approved by  the chief minister.

According to JKSPDC, with a view to encourage the participation of permanent residents of the state in development of hydroelectric projects to realize the objectives of the State Hydel Policy 2011 to reserve projects upto 10 MW for J&K residents, the chief minister had directed JKSPDC to hold meetings with the representatives of Chamber(s) of Commerce and Industries and other stakeholders and get their inputs.

Accordingly, detailed interaction was held with the representatives of the Chamber of Commerce & Industry Srinagar and Jammu, Federation Chamber of Industry Srinagar and Jammu, Self Help Group of Engineers & other stakeholders at Srinagar & Jammu on 03-11-2012 & 15-11-2012, respectively.

Based on the feedback generated during these meetings, the chief minister has approved relaxation of the pre-qualification criteria for projects upto 10 MW.

As per a local news agency KNS, under modified criteria the entrepreneurs can now hire technical experts to guide them in construction of these projects and simultaneously meet the technical criteria stipulated for these projects.

The modified eligibility criteria would essentially be the financial eligibility in terms of Networth & Annual Turnover, which too has been reduced to Rs 0. 30 cr/MW & Rs 0.70 cr/MW, against the earlier stipulated 0.50 cr/MW & 1.20cr/MW, respectively. The bidder would also have to undertake to place in a position a strong technical team comprising of experts in Civil, Electrical & Mechanical Engineers etc as per the manpower plan approved by JKSPDC at the Techno Economic Clearance of the DPRs.

The relaxation of the pre-qualification criteria would be applicable only to projects upto 10 MW which are reserved for J&K residents with the sole purpose of providing impetus to economic activity amongst local entrepreneurs eventually translating into building their capacities in all aspects of hydro project development, including manufacture of electro mechanical & construction equipment & technology.

The relaxation in the criteria enabled removal of a major stumbling block experienced by the local residents while bidding for the projects already advertised by JKSPDC under the new Hydel Policy.

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