NHPC receives CCEA approval for investment in 1720 MW Kamala Hydro Electric Project

The Cabinet Committee on Economic Affairs (CCEA) has approved investment of ₹26,069.50 Crore for construction of 1720 MW Kamala Hydro Electric Project (HEP) in Kamle, Kra Daadi & Kurung Kumey Districts of Arunachal Pradesh. The estimated completion period for the project is 96 months. The installed capacity of Kamala HEP is 1720 MW (8 x 210 MW & 1 x 40 MW), which is expected to generate 6870 MUs of energy annually.

The Project will be implemented through a Joint Venture Company between NHPC Limited and the Govt. of Arunachal Pradesh. Govt. of India shall extend ₹4,743.98 crore as budgetary support towards flood moderation component and ₹1,340 crore as budgetary support for enabling infrastructure viz. construction of roads, bridges and associated transmission system besides Central Financial Assistance of ₹750 crore towards the equity share of the State.

Shares of NHPC Limited was last trading in BSE at Rs. 76.67 as compared to the previous close of Rs. 75.67. The total number of shares traded during the day was 748574 in over 4178 trades.

The stock hit an intraday high of Rs. 77.63 and intraday low of 76.13. The net turnover during the day was Rs. 57452227.00.

Source : Equity Bulls

Keywords

NHPC INE848E01016 CCEA InvestmentApproval KamalaHydroElectricProject