NHPC intends to invest Rs 2,400 crore for three projects in Jammu & Kashmir under a joint venture with Jammu & Kashmir State Power Development Corporation and PTC India.
Chenab Valley Power Projects Pvt Ltd, the joint venture entity, will implement three projects having a total capacity of over 2,100 MW. These are: Pakal Dul with 1,000 MW, Kiru with 600 MW and Kwar with 520 MW.
“The total investment to be made by the joint venture firm will be around Rs 15,000 crore. NHPC’s equity contribution toward the entity will be around Rs 2,400 crore,” NHPC Chairman and Managing Director A B L Srivastava told in an interview.
The state-run firm plans to add another 690 MW of capacity by commissioning five projects — Chutak with 44 MW, Uri-II with 240 MW, Chamera-III with 231 MW, the first unit of Parbati-III with 130 MW and Nimmo-Bazgo with 45 MW — by March, 2012.
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