The Union Cabinet has cleared ₹4,287 crore for the 624-MW Kiru Hydro Electric Project in Kishtwar district of Jammu & Kashmir by NHPC and the state power development utility. The project will be commissioned in 4.5 years. The NHPC has replaced PTC India as aggregator for the second round of aggregation scheme for procurement of 2,500-MW power purchase agreements for three years. NHPC will sign an agreement for power procurement with stressed power plants and back-to-back power supply pacts with discoms. NHPC will receive trading margin from discoms for aggregation between generators and distribution companies as the company has targeted an installed capacity of 10,000 MW by 2022 — up from 7,071 MW. In a related development, NHPC is also going all out to bid for the 120-MW Jal Power Corporation plant in Sikkim, when the project will go on sale under the bankruptcy court shortly. The company has also secured Cabinet nod to invest ₹5,748 crore in the 500-MW Lanco Teesta Hydro Power it had acquired for ₹907 crore through NCLT. The project is likely to be commissioned in 3.5 years, said CMD, Balraj Joshi.
📅Published on:
12 March 2019
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
