Kiru Hydro Electric Project gets Cabinet nod

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the investment sanction for construction of Kiru Hydro Electric(HE) Project (624 MW) by M/s Chenab Valley Power Projects Private Limited (M/s CVPPPL) in Jammu & Kashmir. The project will be implemented at an estimated cost of Rs.4287.59 crore (at July, 2018 price level) which includes Interest During Construction (IDC)and Foreign Component (FC) of Rs.426.16 crore and infusion of equity of Rs 630.28 crore by NHPC in M/s CVPPPL, for construction of Kiru HE Project (624 MW)…

Read More