Omar Abdullah Unveils Vision for Revitalizing J-K's Power Sector without Privatization

In a bold address at the 58th Engineers' Day celebration in Jammu and Kashmir, Chief Minister Omar Abdullah dismissed rumors of privatizing the territory's electricity sector. He outlined an ambitious vision to strengthen and reform the power sector by reducing losses, improving billing efficiency, and increasing revenue generation.

Speaking to the gathering, Abdullah stressed the strategic importance of efficient electricity generation and distribution in boosting J-K's economic prosperity. He urged the enhancement of local hydropower resources while adopting measures to cut losses, noting that only by selling surplus electricity to other regions can J-K's financial situation improve.

While acknowledging the high initial costs of hydropower, Abdullah reiterated its long-term viability, especially against solar energy's competitive pricing. He advocated for tariff rationalization based on payment capacity and highlighted achievements like the Baglihar project that improved J-K's power landscape.

(With inputs from agencies.)