Friday, June 24, 2022

NHPC to implement 4 hydropower projects, develop RE projects in J&K

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  • NHPC said that the PSU will explore the possibility of developing renewable energy projects in J&K by either expanding the scope of existing JVs or by creating a new JV

  • NHPC Limited shall help in capacity building of engineers and staff of J&K with special attention to staff from POD and JKSPDCL

New Delhi: A Memorandum of Understanding (MoU) has been signed between state-run NHPC Limited and Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) for the execution of four hydropower projects in Jammu and Kashmir (J&K) — Kirthai-11 (930 MW), Sawalkot (1,856 MW), Uri-I (Stage-II) (240 MW) and Dulhasti (Stage- II) (258 MW). In a regulatory filing to the stock exchanges, NHPC also said that the PSU will explore the possibility of developing renewable energy projects in J&K by either expanding the scope of existing joint ventures (JVs) or by creating a new JV.

“NHPC and JKSPDCL shall also explore the possibility of developing the renewable energy potential of J&K including (but not limited to) solar, wind and small hydro projects either by expanding the scope of existing Joint Venture Companies or by creating a new Joint Venture Company. The detailed modalities shall be mutually worked out by the parties,” said NHPC in the regulatory filing.

NHPC to help J&K in capacity building

NHPC Limited shall help in capacity building of engineers and staff of J&K with special attention to staff from POD and JKSPDCL. This shall include but not be limited to trainings, site and exposure visits and short and long term deputations of J&K engineers and staff to NHPC Limited.

NHPC Limited shall support POD and its unbundled corporations and JKSPDCL with assistance and consultancy in Project Management (PMC) and monitoring, and related aspects including power trading.

NHPC’s hydropower projects in J&K

The 930 MW Kirthai-11 project shall be executed by Chenab Valley Power Projects Private Ltd (a Joint Venture Company of NHPC Limited, JKSPDCL and PTC India Ltd), on the same terms and conditions as have been agreed for Pakaldul, Kiru and Kwar HEPs, said the document.

ALSO READ: MNRE directs SECI, NTPC, NHPC to reduce security deposit to 3% in govt RE contracts

The Sawalkot (1856 MW), Uri-I (Stage-II) (240MW), Dulhasti (Stage-II) (258 MW), Hydropower Projects shall be executed by NHPC on build, own, operate, transfer (BOOT) basis for a period of 40 years. The projects will be handed over back to the government of Jammu and Kashmir after 40 years of commercial operation with specified generation capacity and free from all encumbrances.

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