Cabinet Sanctions Investments for Power Projects worth Rs 31,560 Crores

The government has announced that it has consented investment proposals worth over Rs 31,560 crore in power projects, containing 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 estimated to become operational by 2023-24.

Finance Minister Arun Jaitley believed endorsement 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 executed by SJVN Thermal Private Ltd, 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," supposed an official release.

The CCEA, chaired by Prime Minister Narendra Modi, also gave permission to the investment proposal for a 2x660 MW Khurja Super Thermal Power Plant (STPP) in Bulandshahr at a projected cost of Rs 11,089.42 crore and Amelia Coal Mine in the Singrauli district of Madhya Pradesh.

Jaitley also alleged the CCEA gave sanction to the investment for procurement of Lanco Teesta Hydro Power Ltd (LTHPL) and the implementation of balance work of the Teesta Stage-VI Hydro Electric Project by NHPC in Sikkim.

This will be executed at a projected cost of Rs 5,748.04 crore (at July 2018 price level), which includes a bid amount of Rs 907 crore for the procurement of LTHPL and an estimated cost of balance work of Rs 3,863.95 crore that includes Interest During Construction (IDC) and Foreign Component (FC) of Rs 977.09 crore.

The project would produce 2,400 million units in a 90 per cent reliable year with installed capacity of 500 MW (4x125 MW).

The finance minister further whispered the CCEA has permitted the investment for the construction of Kiru Hydro Electric Project (624 MW) by Chenab Valley Power Projects Pvt Ltd (CVPPPL) in Jammu and Kashmir. The project will be executed 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.

The project is positioned on river Chenab in the Kishtwar district of Jammu and Kashmir.

"It envisages construction of a 135 m high concrete gravity Dam above deepest foundation level, 4 Nos circular, Pressure Shaft of 5.5 m internal dia of length varying from 316 m to 322 m, an underground Power House and 4 Nos Tail Race Tunnel, Horseshoe shape, 7 m dia and length varying from 165 m to 190 m," said another release.

Policies & Regulations | News published on 08/03/2019 by Moulin

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