CCEA okays Rs 1,810-cr investment for 210 MW hydropower project in Himachal

The Union Cabinet on Wednesday approved a proposal to invest Rs 1,810 crore for 210 MW Luhri Stage-I hydropower project on river Satluj in Himachal Pradesh.

"The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the investment of Rs 1,810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj which is situated in Shimla and Kullu districts of Himachal Pradesh," an official statement said.

This project will generate 758.20 million units of electricity annually, it added.

The project is being implemented by Satluj Jal Vidyut Nigam Ltd (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis with active support from the Government of India and the state government.

The memorandum of understanding (MoU) of this project was signed with the Government of Himachal Pradesh during 'Rising Himachal, Global Investor Meet', held in November 2019.

The Government of India is also supporting this project by providing grants of R