Cabinet approves hydro project investment proposal
POWER & RENEWABLE ENERGY

Cabinet approves hydro project investment proposal

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment of Rs 1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj in Shimla and Kullu districts of the Himalayan state of Himachal Pradesh. This project will generate 758.20 million units of electricity annually.

This project is being implemented by Satluj Jal Vidyut Nigam Limited (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis. The MoU for this project was signed with the Government of Himachal Pradesh in November 2019. Government of India is also supporting this project by providing grants of Rs. 66.19 crore for enabling infrastructure, helping in reducing in power tariff. The government’s press release states that the project will be commissioned within a span of 62 months. The power generated from the project will help in providing grid stability and will improve the power supply position. Besides adding valuable renewable energy to the grid, the project is expected to lead to reduction of 6.1 lakh tonnes of carbon dioxide from the environment annually.

The official source’s outlook is that the construction activities of the project result in direct and indirect employment to around 2,000 persons. Further, Himachal Pradesh will benefit with free power worth around Rs 1,140 crore during the project life cycle of 40 years. The project-affected families will be provided with 100 units of free electricity per month for 10 years.

Source: Press Information Bureau

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment of Rs 1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj in Shimla and Kullu districts of the Himalayan state of Himachal Pradesh. This project will generate 758.20 million units of electricity annually. This project is being implemented by Satluj Jal Vidyut Nigam Limited (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis. The MoU for this project was signed with the Government of Himachal Pradesh in November 2019. Government of India is also supporting this project by providing grants of Rs. 66.19 crore for enabling infrastructure, helping in reducing in power tariff. The government’s press release states that the project will be commissioned within a span of 62 months. The power generated from the project will help in providing grid stability and will improve the power supply position. Besides adding valuable renewable energy to the grid, the project is expected to lead to reduction of 6.1 lakh tonnes of carbon dioxide from the environment annually. The official source’s outlook is that the construction activities of the project result in direct and indirect employment to around 2,000 persons. Further, Himachal Pradesh will benefit with free power worth around Rs 1,140 crore during the project life cycle of 40 years. The project-affected families will be provided with 100 units of free electricity per month for 10 years. Source: Press Information Bureau

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?