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

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..