Excelsior Correspondent
JAMMU, Aug 9: 5th Annual General Meeting (AGM) of Chenab Valley Power Projects [P] Ltd was held under the chairmanship of MY Khan here today.
CVPP Ltd is entrusted with the implementation of four hydroelectric projects i.e Pakal Dul (1000 MW), Kiru (624 MW), Kwar (540 MW) and Dulhasti- StageII (550 MW) HE Projects in River Chenab basin. The meeting was informed that as per the Promoter’s Agreement, NHPC, JKSPDC and PTC have agreed to subscribe equity in the ratio of 49%, 49% and 2%, respectively.
All the statutory clearances viz accord of appraisal by CEA, environment clearance by MOEF&CC, forest clearance by Government of J&K for Pakal Dul and Kiru HE Projects have already obtained by CVPP. Major works of Pakal Dul Project shall be awarded in six packages while that of Kiru HE project shall be awarded in three packages.
Investment approval for execution of Pakal Dul has been accorded by Government of India on 28-10-2014 at a sanctioned cost of Rs 8112 Crore at March 2013 price level. The project is scheduled to be completed in 66 months. Pakal Dul is a project of national importance and subordinate debt of Rs 2500 crore was sanctioned by Government of India.
Meeting of the Standing Committee to approve R&R plan of Pakal Dul HE Project has been held under the chairmanship of Chief Secretary, J&K Government on 22-07-2016 at Srinagar and approval of the plan is expected shortly. NIT for construction of Diversion Tunnel and that of 2 Head Race Tunnels have been issued on 02-03-2016 and 31-03-2016, respectively.
The total cost of 624 MW Kiru HE Project is Rs 4,640 crores and is likely to be completed within 54 months. International Competitive Bidding (ICB) for Civil works package of the project is likely to be issued this month and construction of the project shall start early next year.
The meeting was attended by Dheeraj Gupta, Commissioner Secretary, Power, PDD J&K Government, Jayant Kumar, Director Finance, NHPC, MS Babu, Managing Director, CVPP and other senior officers of NHPC, PTC and CVPP.
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