Investment approval for Hydro Electric Project in Himachal by SJVN
ECONOMY & POLICY

Investment approval for Hydro Electric Project in Himachal by SJVN

The Cabinet Committee on Economic Affairs has approved the investment for the 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN, for an estimated cost of Rs 26.14 billion including Rs 138 billion as budgetary support from the Government of India for the cost of enabling infrastructure. Ex-post facto approval is given for cumulative expenditure incurred amounting to Rs 2.46 billion till January 2023.

The project cost of Rs 26.14 billion included hard costs amounting to Rs 22.46 billion, Interest During Construction (IDC) and Financing Charges (FC) of Rs 3.58 billion and 91.5 million respectively. The revised cost sanctions for cost variations due to quantity changes (including additions/ alterations/ extra items) and time overruns due to the developer shall be capped at 10% of the sanctioned cost.

Keeping in view the aims and objectives of Atmanirbhar Bharat Abhiyan, the present proposal for setting up 382 MW Sunni Dam HEP by SJVN shall provide various benefits to local suppliers/ local enterprises/ MSMEs and shall encourage entrepreneurship opportunities within the country besides promoting employment and socio-economic development of the region. The implementation of the project shall generate direct & indirect employment for about 4,000 persons during the peak construction of the project.

Also Read
Swach Bharat Mission empowers ULP with waste treatment plants
Road widening in Guntur garners momentum

The Cabinet Committee on Economic Affairs has approved the investment for the 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN, for an estimated cost of Rs 26.14 billion including Rs 138 billion as budgetary support from the Government of India for the cost of enabling infrastructure. Ex-post facto approval is given for cumulative expenditure incurred amounting to Rs 2.46 billion till January 2023. The project cost of Rs 26.14 billion included hard costs amounting to Rs 22.46 billion, Interest During Construction (IDC) and Financing Charges (FC) of Rs 3.58 billion and 91.5 million respectively. The revised cost sanctions for cost variations due to quantity changes (including additions/ alterations/ extra items) and time overruns due to the developer shall be capped at 10% of the sanctioned cost. Keeping in view the aims and objectives of Atmanirbhar Bharat Abhiyan, the present proposal for setting up 382 MW Sunni Dam HEP by SJVN shall provide various benefits to local suppliers/ local enterprises/ MSMEs and shall encourage entrepreneurship opportunities within the country besides promoting employment and socio-economic development of the region. The implementation of the project shall generate direct & indirect employment for about 4,000 persons during the peak construction of the project. Also Read Swach Bharat Mission empowers ULP with waste treatment plants Road widening in Guntur garners momentum

Next Story
Infrastructure Urban

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Latest Updates

Products

Smart Hot Water

Products

Smart Heritage Lock

Products

Ultra-Efficient Motors

Products

Smart Solutions

Products

Next-Gen Seal

Products

Smart Kitchen Chimney

Products

Premium Coverage

Products

Noise Blocker

ECONOMY & POLICY

India’s Rs 370 Bn Petrochemical Expansion to Shift Asian..

Real Estate

Maharashtra Sets Up Authority to Boost Self-Redevelopment

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?