A meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved an investment of ₹4,526.12 crore for the 540-megawatt Kwar hydroelectric project on the Chenab in Kishtwar district of Jammu and Kashmir.
Union Minister Anurag Singh Thakur said the project would be implemented by Chenab Valley Power Projects Private Ltd., a joint venture between the NHPC and the Jammu and Kashmir State Power Development Corporation, with equity contribution of 51% and 49%. The project, to be commissioned within 54 months, is expected to generate 1975.54 million units in a 90% dependable year.
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