Cabinet clears Rs.8,112.12 cr investment for J&K´s hydel plant

The Cabinet has given a go ahead and has planned an investment of Rs 8,112.12 crore for National Hydroelectric Power Corporation´s (NHPC´s) Pakal Dul Hydroelectric project in Jammu & Kashmir. The project is expected to reduce power shortage in the northern region. This investment includes Interest During Construction (IDC) and Financing Charges (FC) of Rs 500.76 crore. It also includes subordinate debt of Rs 2,500 crore on the conditions and waivers of the Government of Jammu and Kashmir in a scheduled completion period of 66 months. Contact: NHPC. Tel: 0129- 227 8421. Fax: 0129-227 7941 Website: www.nhpcindia.com