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NHPC inks MoU for execution of several hydropower projects in UT of Jammu & Kashmir
Posted On : 2021-01-04 14:57:50( TIMEZONE : IST )
A Memorandum of Understanding between NHPC Limited and Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL) has been signed on 03.01.2021 for execution of Kirthai- 11 (930 MW), Sawalkot (1856 MW), Uri-I (Stage-II) (240MW), Dulhasti (Stage- 11 )(258 MW), Hydropower Projects in UT of Jammu and Kashmir.
NHPC Limited 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.
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.
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.
The Sawalkot (1856 MW), Uri-I (Stage-II) (240MW), Dulhasti (Stage-II) (258 MW), Hydropower Projects shall be executed by NHPC on BOOT basis for a period of 40 years. The projects will be handed over back to Govt. of Jammu and Kashmir after 40 years of commercial operation with specified generation capacity and free from all encumbrances.
JKSPDCL is a party in another Joint Venture of NHPC i.e. M/s Chenab Valley Power Projects Private Limited (M/s CVPPPL).
Shares of NHPC LTD. was last trading in BSE at Rs.23.1 as compared to the previous close of Rs. 22.75. The total number of shares traded during the day was 733162 in over 1457 trades.
The stock hit an intraday high of Rs. 23.35 and intraday low of 22.55. The net turnover during the day was Rs. 16871372.
