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Post at: Jun 13 2022

540 Megawatt Kwar Hydro Electric Project

Recent Context

  • On April 27, 2022, the Cabinet Committee on Economic Affairs chaired by the Prime Minister,  has approved the investment of Rs.4526.12 crore for 540 Megawatt (MW) Kwar Hydro Electric Project .
  • Kwar Hydro Electric Project is located on River Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir.   
  • The project will be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture company between NHPC and JKSPDC with  equity contribution of 51% and 49% respectively.

Significance

  • 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.  
  • UT of J&K 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, during project life cycle of 40 years.
     


 


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