NHPC’s Joint Venture (JV) Company -- Chenab Valley Power Projects (CVPPPL) has received approval from the Cabinet Committee on Economic Affairs for the investment sanction for construction of Kirn Hydro Electric (HE) Project (624 MW) in Jammu & Kashmir.
The project will be implemented at an estimated cost of Rs 4287.59 crore 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 CVPPPL, for construction of Kiru HE Project (624 MW) including Rs 70 crore for pre-construction activities already approved by the Cabinet, while according the approval for execution of the Pakal Dul HE Project. The project shall provide much needed power in northern grid and shall accelerate process of development of remote areas of Jammu and Kashmir.
CVPPPL is a JV company amongst NHPC, Jammu & Kashmir State Power Development Corporation (JKSPDC) and PTC with equity shareholding of 49%, 49% and 2%, respectively.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
