Kishenganga project likely to commission this year: Dy CM

Jammu
2 Feb 2018

The 300 MW Kishenganga hydroelectric power project, executed by NHPC, is likely to be commissioned this year and it will go a long way in augmenting the power generation capacity, Deputy Chief Minister Nirmal Kumar Singh said.
Winding up the discussion on the Demands for Grants of the Power sector in the Legislative Assembly last night, the Deputy Chief Minister said that several hydroelectric projects have been undertaken in the state under close monitoring for ensuring that these are completed within the stipulated timeline.
"Two projects of 9MW capacity each in Dah and Hanu in district Leh have been completed and the commissioning of these projects shall be done during the current year while the tendering process of 12 MW Karnah HEP has also been initiated," he said adding that three new projects in joint venture with NHPC and Power Trading Corporation are at an advanced stage of tendering.
Referring to restructuring of State Power Development Corporation (SPDC), Singh said the Power Deveopment Department will pay Rs 2,400 crore to it and at the time, SPDC will return Rs 4,300 crore which it has taken as loan from the state government over a period of time.
Once these two transactions are done, Rs 1,900 crore, the gap between the two transactions, shall be infused as equity into the company.
Further, fresh valuation of assets is expected to add additional Rs 1,000 crore to the equity base of SPDC, he added. (PTI)