Government pushes for 4 hydro projects

Govt clears 4 Hydro Projects

The government expects a big push to hydropower sector having received clearances for four projects worth about Rs 45,000 crore. NHPC bagged the 500-mw Teesta hydro power plant under insolvency proceedings for Rs 907 crore. The project requires investments of about Rs 4,500 crore for completion. They would put before Union cabinet for approval. NHPC had signed MoU with Jammu & Kashmir for 850-mw Ratle hydroelectric project. The project entails investment of Rs 6,760 crore including interest during construction and set up on built, operate, own and transfer model. Presently, NHPC holds 51 per cent in the project. A joint venture signed for 624-mw Kiru hydroelectric project entailing investment of Rs 4,500 crore.

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