CCEA Okays Rs 1,810 Cr Investment Proposal for SJVN’s 210 MW Luhri Hydro Power Project

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has provided its consent for the investment of Rs 1,810.56 crore for 210 MW of capacity Luhri Stage-I Hydro Electric Project.

November 05, 2020. By Manu Tayal

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has provided its consent for the investment of Rs 1,810.56 crore for 210 MW of capacity Luhri Stage-I Hydro Electric Project.

The project has been located on river Satluj situated in Shimla and Kullu districts of Himachal Pradesh (HP), and will generate 758.20 million units of electricity per year.

Further, this project has been implemented by Satluj Jal Vidyut Nigam Ltd (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis with active support from both Central and State Governments.

Also, the Memorandum of Understanding (MoU) of the project was signed with the Govt. of Himachal Pradesh during Rising Himachal, Global Investor Meet, held last year in the month of November.

Additionally, 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.

Moreover, this project is expected to be commissioned within a time span of 62 months, and the power generated from the project will help in providing grid stability along with improving the power supply position.

Besides adding valuable renewable energy to the Grid, the project would also lead to reduction of 6.1 lakh tons of carbon dioxide from environment every year, thus contributing to improvement in air quality.

Furthermore, the construction activities of the project is expected to generate both direct and indirect  jobs for around 2,000 people and will contribute to overall socio-economic development of the state.

Thus, the state is expected to benefit from free power worth around Rs 1,140 crore from Luhri Stage-I Hydro Electric Project, during Project Life Cycle of 40 years, and the project affected families will be provided with 100 units of free electricity per month for 10 years.

SJVN has forayed into the fields of renewable energy, power transmission and thermal power generation, and has envisaged internal growth targets of total installed capacity from all sources of 5 GW by 2023, 12 GW by 2030 and 25 GW by the year 2040.

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