Cabinet sanctions Rs 4k cr for 540 MW Kwar Hydro Electric project
POWER & RENEWABLE ENERGY

Cabinet sanctions Rs 4k cr for 540 MW Kwar Hydro Electric project

The Committee on Economic Affairs, chaired by PM Narendra Modi, approved the investment of Rs 4,526.12 crore for 540 MW Kwar Hydro Electric Project on river Chenab, in Kishtwar, Jammu and Kashmir.

This project will be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture (JV) firm between National Hydroelectric Power Corporation (NHPC) Limited and Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) with an equity contribution of 51% and 49% respectively.

It will generate 1,975.54 million units in a 90% dependable year.

The government is extending a grant of Rs 69.80 crore for the cost of enabling infrastructure and supporting Jammu and Kashmir by providing a grant of Rs 655.08 crore for the equity contribution and Rs 681.82 crore from its internal resources.

The project shall be commissioned within 54 months. The power generated from the project will help in balancing the grid and improve the power supply position.

Jammu and Kashmir government is extending exemption from levy of Water Usage Charges for ten years after commissioning the project, reimbursement of state's GST, and waiver of free power at 2% per year in a decremental manner.

The construction works for the project will provide direct and indirect employment for around 2,500 persons and contribute to socio-economic development in J&K.

Jammu and Kashmir will be benefitted with free power of around Rs 4,548.59 crore and Rs 4,941.46 crore with Water Usage Charges from Kwar Hydro Electric Project for 40 years.

Image Source

Also read: Mega hydro power projects to come up in J&K

The Committee on Economic Affairs, chaired by PM Narendra Modi, approved the investment of Rs 4,526.12 crore for 540 MW Kwar Hydro Electric Project on river Chenab, in Kishtwar, Jammu and Kashmir. This project will be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture (JV) firm between National Hydroelectric Power Corporation (NHPC) Limited and Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) with an equity contribution of 51% and 49% respectively. It will generate 1,975.54 million units in a 90% dependable year. The government is extending a grant of Rs 69.80 crore for the cost of enabling infrastructure and supporting Jammu and Kashmir by providing a grant of Rs 655.08 crore for the equity contribution and Rs 681.82 crore from its internal resources. The project shall be commissioned within 54 months. The power generated from the project will help in balancing the grid and improve the power supply position. Jammu and Kashmir government is extending exemption from levy of Water Usage Charges for ten years after commissioning the project, reimbursement of state's GST, and waiver of free power at 2% per year in a decremental manner. The construction works for the project will provide direct and indirect employment for around 2,500 persons and contribute to socio-economic development in J&K. Jammu and Kashmir will be benefitted with free power of around Rs 4,548.59 crore and Rs 4,941.46 crore with Water Usage Charges from Kwar Hydro Electric Project for 40 years. Image Source Also read: Mega hydro power projects to come up in J&K

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000