SJVNL to build hydro-electric project on BOOM basis
The Cabinet Committee on Economic Affairs has approved Rs.1,810.56 crore investment for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj in Shimla & Kullu districts of Himachal Pradesh.
This project, to generate 758.20 million units of electricity annually, is being implemented by Satluj Jal Vidyut Nigam Limited (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis with active support from the Central and State Governments.
The Central Government is also supporting this project by providing grants of Rs.66.19 crore for enabling infrastructure which has helped in reducing power tariff.
A 62-month deadline has been set for commissioning the Luhri Stage-I Hydro Electric Project.
Himachal Pradesh will benefit with free power worth around Rs.1,140 crore from Luhri Stage-I Hydro Electric Project, during Project Life Cycle of 40 years.
SJVN has forayed into the fields of Renewable Energy, Power Transmission and Thermal power generation. It has envisaged Internal Growth Targets of total installed capacity from all sources of 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by year 2040. #renewables #projects #tenders #energy #OPEC #renewables /fiinews.com
