In order to meet the increasing electrical energy demand, the Centre has allotted 207MW of additional power to Jammu and Kashmir.
According to the Union Ministry of Power, the transfer will considerably enhance the supply of power within the union territory.
Meanwhile, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday accredited the funding of Rs 4,526.12 crore for the 540 Megawatt (MW) Kwar Hydro Electric challenge positioned on river Chenab, in Kishtwar district of Jammu and Kashmir.
The challenge shall be carried out by Chenab Valley Power Projects Private Limited (CVPPPL), a three way partnership firm between NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC) with fairness contributions of 51 per cent and 49 per cent, respectively.
The challenge shall generate 1975.54 million items in a 90 per cent reliable yr, in accordance to an official assertion launched after the cupboard assembly.
The Government of India is extending a grant of Rs 69.80 crore in the direction of the price of Enabling Infrastructure and in addition supporting the Union Territory of Jammu and Kashmir by offering a grant of Rs 655.08 crore for the fairness contribution of JKSPDC (49 per cent) in CVPPPL.
NHPC shall make investments its fairness (51 per cent) of Rs 681.82 crore from its inner sources. The Kwar Hydro Electric Project shall be commissioned with a span of 54 months. The Power generated from the Project will assist in balancing of Grid and can enhance the power provide place, the assertion stated.
The building actions of the challenge will lead to direct and oblique employment to round 2,500 individuals and can contribute to the general socio-economic improvement of the Union Territory of Jammu and Kashmir.
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