Kwar hydropower project receives grant of Rs 4,526 crore
29 Apr 2022
2 Min Read
CW Team
On Wednesday the Cabinet Committee on Economic Affairs sanctioned the investment of Rs 4,526.12 crore for the Kwar Hydro-electric project of 540 MW located on Chenab River in Kishtwar district, Jammu and Kashmir.
This forms a part of the Indus basin and will be one of the minimum four upcoming projects in the district, comprising the Pakal Dul hydroelectric project of 1,000 MW and the run-of-the-river Kiru hydroelectric project of 624 MW.
Under the 1960 vintage Indus Water Treaty (IWT) established between India and Pakistan, both the countries share the six rivers in the Indus basin flowing through India towards Pakistan. Out of which, India has full rights over three eastern rivers, Beas, Sutlej, and Ravi, and Pakistan over the western rivers - Jhelum, Chenab, and Indus.
However, India can build run-of-the-river projects on the western rivers as well. In the last five years, the government has been approving construction projects to tap into the potential in the Indian part of the Indus basin.
The Kwar hydropower project would be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture between NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC) having equity contributions of 51% and 49% respectively.
The project would generate 1,975.54 million units within a 90% dependable year.
The government of India extended a grant of Rs 69.80 crore for the cost of enabling infrastructure while supporting the Union Territory of Jammu and Kashmir by sanctioning a grant of Rs 655.08 crore for the equity contribution of JKSPDC in VPPPL. NHPC will invest its equity of Rs 681.82 crore from its internal resources.
On Wednesday the Cabinet Committee on Economic Affairs sanctioned the investment of Rs 4,526.12 crore for the Kwar Hydro-electric project of 540 MW located on Chenab River in Kishtwar district, Jammu and Kashmir.
This forms a part of the Indus basin and will be one of the minimum four upcoming projects in the district, comprising the Pakal Dul hydroelectric project of 1,000 MW and the run-of-the-river Kiru hydroelectric project of 624 MW.
Under the 1960 vintage Indus Water Treaty (IWT) established between India and Pakistan, both the countries share the six rivers in the Indus basin flowing through India towards Pakistan. Out of which, India has full rights over three eastern rivers, Beas, Sutlej, and Ravi, and Pakistan over the western rivers - Jhelum, Chenab, and Indus.
However, India can build run-of-the-river projects on the western rivers as well. In the last five years, the government has been approving construction projects to tap into the potential in the Indian part of the Indus basin.
The Kwar hydropower project would be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture between NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC) having equity contributions of 51% and 49% respectively.
The project would generate 1,975.54 million units within a 90% dependable year.
The government of India extended a grant of Rs 69.80 crore for the cost of enabling infrastructure while supporting the Union Territory of Jammu and Kashmir by sanctioning a grant of Rs 655.08 crore for the equity contribution of JKSPDC in VPPPL. NHPC will invest its equity of Rs 681.82 crore from its internal resources.
Image Source
Next Story
HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..
Next Story
Brigade acquires Velachery land for Rs 16-billion project
Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..
Next Story
Liebherr marks 10,000th XPower wheel loader milestone
Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..
