{"id":32771,"date":"2025-09-16T08:32:27","date_gmt":"2025-09-16T08:32:27","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=32771"},"modified":"2025-09-16T08:32:27","modified_gmt":"2025-09-16T08:32:27","slug":"electricity-generation-efficient-distribution-hold-key-to-economic-prosperity-in-jk-omar","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/electricity-generation-efficient-distribution-hold-key-to-economic-prosperity-in-jk-omar\/","title":{"rendered":"Electricity Generation, Efficient Distribution Hold Key To Economic Prosperity In J&K: Omar"},"content":{"rendered":"

SRINAGAR, Sep 16: Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation about privatisation of electricity in the Union territory, and said his vision is to strengthen and reform the power sector.
\n\u201cWe are not talking about privatisation. If we reduce our losses, improve billing efficiency and enhance revenue generation, there will be no need for it. My vision is to strengthen and reform the power sector in J-K,\u201d Abdullah said.
\nThe CM addressed the gathering at the 58th Engineers\u2019 Day at SKICC here on late Monday evening.
\nThe event was held to honour the legacy of Bharat Ratna Sir M Visvesvaraya for his pioneering contribution to engineering in India.
\nThe chief minister said electricity generation and efficient distribution hold the key to economic prosperity in J-K.
\nEmphasising the critical role of the power sector, Abdullah underscored the need for J-K to reduce its power losses and then focus on harnessing its vast hydropower potential to strengthen its economy.
\n\u201cThis is the only way to change the financial situation of J-K. We should generate electricity and sell it to other regions, especially when their production is low. But to achieve this, we must first bring down losses in the power sector,\u201d he added.
\nHighlighting the challenges of hydropower vis-a-vis renewable energy, the CM said the installed cost of hydroelectricity is very high, though the per-unit cost reduces over time.
\nWith solar power now available at Rs 2 to Rs 2.5 per unit, competing becomes difficult. But, hydropower remains our only viable resource, and we must continue developing projects alongside improving efficiency,\u201d he said.
\nThe chief minister reaffirmed that tariff rationalisation should be guided by people\u2019s capacity to pay, ensuring that the rich contribute more while the poor pay less.
\nAbdullah said he chose to hold the Power department with himself \u201cbecause if we really want to make J-K prosperous, the most important sector is the Power Development Department\u201d.
\n\u201cI request you to maintain the momentum in reducing losses and improving efficiency,\u201d he told the gathering.
\nThe chief minister lauded landmark hydropower initiatives like the Baglihar hydro-electric project, which transformed J-K\u2019s power scenario despite challenges, including lack of counter guarantees.<\/p>\n

\"Electricity
Electricity Generation, Efficient Distribution Hold Key To Economic Prosperity In J&K: Omar<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

SRINAGAR, Sep 16: Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation about privatisation of electricity in the Union territory, and said his vision is to strengthen and reform the power sector. \u201cWe are not talking about privatisation. If we reduce our losses, improve billing efficiency and enhance revenue generation, there will be no […]<\/p>\n","protected":false},"author":2,"featured_media":32773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15,89,54],"tags":[],"class_list":["post-32771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu-and-kashmir","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nElectricity Generation, Efficient Distribution Hold Key To Economic<\/title>\n<meta name=\"description\" content=\"Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation about privatisation of electricity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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