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28/04/22 08:19 AM IST

Kwar Hydro Electric project

In News 
  • The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi,has approved the investment of Rs.4526.12 crore for 540 Megawatt (MW) Kwar Hydro Electric Project located on river Chenab, in Kishtwar district of Union Territory of Jammy and Kashmir.
Project Implementation
  • The project will be implemented by M/s. Chenab Valley Power Projects Private Limited (M/s. CVPPL) a joint venture company between NHPC and JKSPDC with  equity contribution of 51% and 49% respectively.
  • The project shall generate 1975.54 million units in a 90% dependable year.
  • Government of India is extending grant of Rs.69.80 crore towards cost of Enabling Infrastructure and also supporting the Union Territory of Jammu & Kashmir by providing grant of Rs.655.08 crore for Equity contribution of JKSPDC (49%) in M/s. CVPPPL.
Significance 
  • The Kwar Hydro Electric Project shall be commissioned with a span of 54 months. 
  • The Power generated from the Project will help in balancing of Grid and will improve the power supply position.
  • The construction activities of the Project will result in direct and indirect employment to around 2500 persons and will contribute in overall socio-economic development of the Union Territory of J&K. 
  • Further, UT of J&K will be benefitted of Jammu & Kashmir 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, during project life cycle of 40 years.
Source-PIB 

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