Share
 
Comments
Project expected to generate 1975 million units of electricity
Kwar project to be commissioned in 54 months
Construction activities of project to result in jobs to 2500 persons and overall social economic development of UT of Jammu & Kashmir

The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi, today has approved the investment of Rs.4526.12 crore for 540 Megawatt (MW) Kwar Hydro Electric Project located on river Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir. The project will be implemented by M/s. Chenab Valley Power Projects Private Limited (M/s. CVPPL) a joint venture company between NHPC and JKSPDC with equity contribution of 51% and 49% respectively on 27.04.2022.

The project shall generate 1975.54 million units in a 90% dependable year.

Government of India is extending grant of Rs.69.80 crore towards cost of Enabling Infrastructure and also supporting the Union Territory of Jammu & Kashmir by providing grant of Rs.655.08 crore for Equity contribution of JKSPDC (49%) in M/s. CVPPPL.  NHPC shall invest its equity (51%) of Rs.681.82 crore from its internal resources.  The Kwar Hydro Electric Project shall be commissioned with a span of 54 months.  The Power generated from the Project will help in balancing of Grid and will improve the power supply position.

Government of UT of J&K to make the Project viable, extending exemption form levy of Water Usage Charges for 10 years after commissioning of the project, reimbursement of State’s share of GST (i.e. SGST) and waiver of free power @2% per year in a decremental manner, i.e. the free power to the Union Territory of Jammu & Kashmir would be 2% in the 1st year after commissioning of Project and thereafter shall increase @2% per year and shall be 12% from 6th year onwards.

The construction activities of the Project will result in direct and indirect employment to around 2500 persons and will contribute in overall socio-economic development of the Union Territory of J&K.  Further, UT of J&K will be benefitted of Jammu & Kashmir 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, during project life cycle of 40 years.

Explore More
Today's India is an aspirational society: PM Modi on Independence Day

Popular Speeches

Today's India is an aspirational society: PM Modi on Independence Day
Need to bolster India as mother of democracy: PM Modi

Media Coverage

Need to bolster India as mother of democracy: PM Modi
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM Modi campaigns in Gujarat’s Netrang
November 27, 2022
Share
 
Comments
In Netrang, PM Modi says be it toilets, gas connections, tap water or electricity connections, all these works have witnessed unprecedented speed in the last 8 years
Several resolutions have been taken in Gujarat’s Sankalp Patra for Sabka Sath, Sabka Vikas: PM Modi in Netrang

Amidst the ongoing election campaigning in Gujarat, PM Modi's rally spree continued as he addressed a public meeting in Gujarat’s Netrang today. PM Modi highlighted about the Sankalp Patra released by the state BJP unit for developed Gujarat. He said, “Several resolutions have been taken in the Sankalp Patra to increase the economy of Gujarat, to empower the poor, middle class of the state and for Sabka Sath, Sabka Vikas.”

Highlighting how the Double-engine sarkar has ensured faster progress in Gujarat, PM Modi said, be it toilets, gas connections, tap water or electricity connections, all these works have witnessed unprecedented speed in the last 8 years. Tribal families could not even think about them earlier. Today these facilities are reaching every house.”

PM Modi talked about how the BJP government has given direct help to the poor. “As a result of pro-poor policies, more than 3 crore houses have been built under PM Awas Yojana. In this, the central government has sanctioned more than 10 lakh pucca houses for the poor of Gujarat. Of these, 7 lakh have been completed. And the large number of houses are allocated to tribal families,” he added. Sharing an incident, PM Modi also mentioned how people from rural areas have benefited from the affordable internet data.