Cabinet sanctions Rs 4k cr for 540 MW Kwar Hydro Electric project

28 Apr 2022 CW Team

The Committee on Economic Affairs, chaired by PM Narendra Modi, approved the investment of Rs 4,526.12 crore for 540 MW Kwar Hydro Electric Project on river Chenab, in Kishtwar, Jammu and Kashmir.

This project will be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture (JV) firm between National Hydroelectric Power Corporation (NHPC) Limited and Jammu & Kashmir State Power Development Corporation Limited (JKSPDC) with an equity contribution of 51% and 49% respectively.

It will generate 1,975.54 million units in a 90% dependable year.

The government is extending a grant of Rs 69.80 crore for the cost of enabling infrastructure and supporting Jammu and Kashmir by providing a grant of Rs 655.08 crore for the equity contribution and Rs 681.82 crore from its internal resources.

The project shall be commissioned within 54 months. The power generated from the project will help in balancing the grid and improve the power supply position.

Jammu and Kashmir government is extending exemption from levy of Water Usage Charges for ten years after commissioning the project, reimbursement of state's GST, and waiver of free power at 2% per year in a decremental manner.

The construction works for the project will provide direct and indirect employment for around 2,500 persons and contribute to socio-economic development in J&K.

Jammu and Kashmir will be benefitted with free power of around Rs 4,548.59 crore and Rs 4,941.46 crore with Water Usage Charges from Kwar Hydro Electric Project for 40 years.

Image Source

Also read: Mega hydro power projects to come up in J&K

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..