Srinagar, Jan 17 (KNO): Terming the recent power purchase agreement between Ratle Hydro Electric Power Corporation Ltd and J&K Power Development Corporation with Rajasthan Urja Vikas and IT Services Ltd for off take of power for a period of 40 years as unjustified, CPI(M) leader Mohamad Yousuf Tarigami Wednesday said that the agreement is also against the development of J&K economy.
“The agreement comes at a time when J&K is going through severe electricity shortage. Due to the unbearable hike in tariffs, the anxieties of the people have been deepened. Instead of compensating the losses, our resources are handed over to other states,” Tarigami said in a statement issued to the news agency—Kashmir News Observer (KNO).
He said the decision of J&K administration being highly unjustified and unjust is bound to make the people suffer more. “As such it needs to be withdrawn,” he added—(KNO)