No time-frame

10/06/2018

Delay on the part of Government in filling the post of Administrative Secretary of Science and Technology Department is creating impediments in early establishment of first ever Jammu and Kashmir Renewable Energy Corporation, which would catalyze the development of renewable energy resources. Moreover, Rs 50 crore worth Solar Fund announced by former Finance Minister for availing Grid Connected Solar Rooftop Scheme of the Union Ministry of New and Renewable Energy has yet not been created. The announcement regarding setting up of J&K Renewable Energy Corporation was made by the then Finance Minister Dr Haseeb Drabu in the month of January this year so as to catalyze the development of renewable energy resources. The reason behind this announcement was that Jammu and Kashmir Energy Development Agency (JAKEDA), the State Nodal Agency mandated with development of small hydel, solar, wind and other renewable projects, is not oriented on commercial lines and it can also not raise debt without which the development of projects is impossible.
A proposal vis-à-vis Renewable Energy Corporation was prepared and placed before the State Cabinet, which on April 24 this year accorded the approval while mentioning that the Corporation will be a private limited company wholly owned by the State Government with the authorized share capital of Rs 1 crore fully paid up and subscribed by the State Government.
Though an exercise relating to documentation has been conducted by the Science and Technology Department yet no further steps like registration of company with the Registrar of Companies have been initiated as Administrative Secretary Science and Technology Department has to play a vital role in the entire exercise but the post is lying vacant during the past over one month and the Administrative Secretary being in vital position of the Corporation has to sign important documents vis-à-vis Corporation and in the absence of any officer on the post the process is getting delayed. Actually, post of Administrative Secretary of Science and Technology Department was never given any serious attention by the Government and this can be gauged from the adhoc arrangement during the past several months. It is pertinent to mention here that present environment in the country is highly conducive for development of renewable energy resources and various kinds of subsidies and incentives are available under Central sector. Moreover, the Government has yet not set-up Rs 50 crore worth Solar Fund which was announced by former Finance Minister.

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