The government has approved over Rs 31,560 crore investment proposals for power projects. The projects included two coal-based thermal plants and a hydro project on river Chenab in Jammu and Kashmir. The thermal power plants in Buxar, Bihar, and Bulandshahr, Uttar Pradesh, are expected to become operational by 2023-24. Approval has been given to an investment of Rs 10,439.09 crore for the 2x660 MW Buxar Thermal Power Project (Buxar TPP) in Bihar.
The Buxar project will be implemented by SJVN Thermal Private, a wholly owned subsidiary of SJVN, a mini-ratna CPSU. The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area. The Buxar TPP will start yielding benefits from 2023-24.
The government also gave nod to the investment proposal for a 2x660 MW Khurja Super Thermal Power Plant (STPP) in Bulandshahr at an estimated cost of Rs 11,089.42 crore and Amelia Coal Mine in the Singrauli district of Madhya Pradesh. The Khurja STPP, too, will start yielding benefits from 2023-24. Besides, the government has approved the investment for the construction of Kiru Hydro Electric Project (624 MW) by Chenab Valley Power Projects (CVPPPL) in Jammu and Kashmir. The project will be implemented at an estimated cost of Rs 4,287.59 crore which includes IDC and FC of Rs 426.16 crore and an infusion of equity of Rs 630.28 crore by NHPC in CVPPPL.