|HYDEL POLICY 2017 | DRAFT|
Draft J&K State Hydroelectric Projects Development Policy 2017 is hereby notified by JKSPDC Ltd. for public comments/feedback.
Any feedback/suggestions can be sent at:
1. e-mail: email@example.com, firstname.lastname@example.org
2. Fax: 01912435403
3. Contact person: Umar Majid Kamili, DGM(E), Contact No: 9419408776
The feedback/comments can be sent upto 01.03.2017
Main highlights of the policy
- Promotion of Hydropower as an attractive economic enterprise to facilitate private sector investment.
- Participation of Entrepreneurs, newcomers facilitated.
- Pre-qualification process made simpler.
- Self identified projects also to be allotted.
- Single-window system of clearance with PSGA time limit.
- Wide range of incentives to developers.
- Bid variables rationalized.
- Project timelines defined
- Environmental sustainability main stress of the policy.
Incentives proposed for developers
- Bid variables made easier and simpler.
- Percentage of free power reduced to 10%.
- To facilitate financial viability of hydropower projects and make the projects investor friendly, exemption on free power for first ten years after COD proposed.
- In case the developer completes/commissions the project before the scheduled date as agreed in LoA, as an incentive, the differential period of generation proposed to be exempted from free power.
- For State Subject New comers/entrepreneurs, for hydropower projects up to 25 MW various relaxations in qualification criteria provided.
- Extra points proposed in the bid process for developers who are state subjects or are majority stake holders in a JV.
- Assured power purchase agreements and wider choices to developer to sell power within or outside the state.
- Power evacuation arrangements to be shared between developer and the state.
- Priority to developer for dispatch into the grid.
- Construction material, machinery and equipment purchased for installation of hydro plants proposed to be exempted from payment of Entry Tax and from payment of VAT subject to transition in GST regime in future.
- Other tax exemptions which are given to the Industries as per the J&K Industrial and Investment Promotion Policy 2016 proposed to be applicable to the projects in the state which will be registered as an Industrial unit.
- The Projects awarded under this policy proposed to be exempted from the payment of water usage charges levied under the “J&K Water Resources Regulation & Management ACT”.