Business Daily from THE HINDU group of publications
Tuesday, Jan 23, 2007
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Business Daily from THE HINDU group of publications Tuesday, Jan 23, 2007 ePaper |
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Industry & Economy
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Power Government - Policy States - Other States Centre to encourage small hydro power projects in North-East Our Bureau
Minister Says... Existing structure of SHP is proving inadequate for accelerated implementation. A massive increase of public sector investment in power in the Eleventh Plan envisaged.
"There is a need for a clear, coherent and consistent policy in respect of the power sector in the region, especially as the power sector constitutes the most important resource of the region and holds the highest potential to propel the region to the front rank of development in the country," the Minister of Development of North-Eastern Region, Mr Mani Shanker Aiyar, told reporters. Mr Aiyar, who chaired the first sectoral summit of the North Eastern Council (NEC) that reviewed the power sector programmes in the region, told reporters that the existing structure of SHP was proving inadequate for accelerated implementation in the North-Eastern Region .
Call to restructure
Though as many as 492 SHP projects have been identified in Arunachal Pradesh, only 64 have been implemented, 48 were under construction and the remaining were still a long way from being brought under implementation, he said. Mr Aiyar said there was a need for restructuring SHP so that the level of subsidies ensure accelerated implementation of all identified SHP projects in the region. "In the short run, the North-Eastern Region could only be developed through very special measures of affirmative action," Mr Aiyar said, adding that if efforts were taken to exploit the potential of power sector in the region, the benefits would flow to all parts of the country.
Private sector
Asked whether the private sector would be involved in the SHP projects, he said the private sector was welcome to enter the sector on their own or in collaboration with the public sector.
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