JK’s Power Sector To Undergo Restructuring

The State Administrative Council (SAC) which met under the chairmanship of Governor, Satya Pal Malik accorded sanction to the unbundling of the Jammu and Kashmir Power Development Department (JKPDD), J&K State Power Development Corporation Limited (JKSPDCL) and J&K State Power Trading Company Limited (JKSPTCL) (to be renamed as J&K State Power Trading Corporation Limited), officials said on Friday.
“Consequent to the enactment of the Jammu and Kashmir Reorganization Act, 2019 and repeal of the Jammu and Kashmir Electricity Act, 2010, the Central Electricity Act-2019 will come into effect on 31.10.2019, necessitating the restructuring of JKPDD in terms of mandate, functions and jurisdiction between UT of J&K and UT of Ladakh,” an official spokesperson said on Friday in a statement.