Government will introduce a bill in the ensuing session of parliament to reconstitute Damodar Valley Corporation (DVC). The cabinet in its decision here approved introduction of DVC (Amendment) Bill 2011 with four full time members including a chairman, member (technical), member (finance) and member secretary.
The chairman will be designated chief executive officer of DVC while posts of financial adviser and secretary will be abolished, a statement issued by cabinet said.
Apart from the four full time members, there will be six part time members – one representative from the central government; one representative each from the government of Jharkhand and West Bengal; one independent expert each from the fields of irrigation, water supply and generation or transmission of electricity.
DVC was constituted under the Damodar Valley Corporation Act, 1948(Act). The corporation is vested with authority and autonomy for the integrated development of the Damodar river valley.
Since more than 60 years, the role and expectations from DVC have changed significantly due to industrial development in the valley area. The demand for power by industry like coal, steel, railways and other consumers has gone up considerably and DVC has built power plants and stepped up its generation capacity over the years.
The DVC (Amendment) Bill 2007 was introduced in the Lok Sabha on May 4, 2007 and it was referred to the standing committee on energy for detailed examination. The standing committee on Energy in its report suggested certain modifications in the Bill. The ministry examined the recommendations contained in the report and prepared a fresh proposal.
“The proposed amendment shall broad base and professionalise DVC by bringing outside professional independent experts to discharge its responsibilities more effectively and efficiently,” statement said. It would allocate resources optimally and generate large resources in order to take up new projects and to become a major power producer in the country besides doing its mandatory functions such as flood control, irrigation, water supply, it added.
The chairman will be designated chief executive officer of DVC while posts of financial adviser and secretary will be abolished, a statement issued by cabinet said.
Apart from the four full time members, there will be six part time members – one representative from the central government; one representative each from the government of Jharkhand and West Bengal; one independent expert each from the fields of irrigation, water supply and generation or transmission of electricity.
DVC was constituted under the Damodar Valley Corporation Act, 1948(Act). The corporation is vested with authority and autonomy for the integrated development of the Damodar river valley.
Since more than 60 years, the role and expectations from DVC have changed significantly due to industrial development in the valley area. The demand for power by industry like coal, steel, railways and other consumers has gone up considerably and DVC has built power plants and stepped up its generation capacity over the years.
The DVC (Amendment) Bill 2007 was introduced in the Lok Sabha on May 4, 2007 and it was referred to the standing committee on energy for detailed examination. The standing committee on Energy in its report suggested certain modifications in the Bill. The ministry examined the recommendations contained in the report and prepared a fresh proposal.
“The proposed amendment shall broad base and professionalise DVC by bringing outside professional independent experts to discharge its responsibilities more effectively and efficiently,” statement said. It would allocate resources optimally and generate large resources in order to take up new projects and to become a major power producer in the country besides doing its mandatory functions such as flood control, irrigation, water supply, it added.
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