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This is an archive article published on June 10, 2005
3 power projects get PIB approval
The Public Investment Board PIB has cleared the investment proposals of three power ventures needing an investment of Rs 5,050 crore.Brief...
The Public Investment Board PIB has cleared the investment proposals of three power ventures needing an investment of Rs 5,050 crore.
Briefing reporters on Wednesday, Power Minister P.M. Sayeed said two of these projects are hydel plants in the Ladakh region of Jammu and Kashmir, while the third is a transmission project in Bihar.
The hydel power projects include a 45 mw Minoo Bazgo project in Leh and a 44 mw Chutak project in Kargil. While the Leh project needs a total investment of Rs 629.65 crore, the Kargil project would need funds worth Rs 631.72 crore. Both these projects are run-of-the-river schemes and would be executed by the National Hydroelectric Power Corporation.
Briefing reporters on the project, the minister also said that the projects would have an initial tariff of around Rs 5-6 per unit and would receive government aid to offset the high tariff. The third project is a transmission system associated with National Thermal Power Corporation8217;s 1,980 mw coal-based Barh power plant in Bihar. The project, needing an investment of Rs 3793.76 crore, would be executed by Power Grid Corporation, the minister said. Prime Minister Manmohan Singh will lay the foundation stone of the two projects in Ladakh on June 11, Sayeed said.
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