Cabinet Approves Rs 1810 crore Investment Proposal
of 210 MW Luhri Stage-I Hydro Power Project
The Cabinet Committee on Economic Affairs chaired
by Prime Minister Narendra Modi has approved the investment of Rs.1810.56 crore
for 210 MW Luhri Stage-I Hydro Electric Project located
on river Satluj which is situated in Shimla & Kullu districts of Himachal Pradesh on 4 November 2020. This
project will generate 758.20 million units of electricity annually.
This project is being implemented by Satluj Jal Vidyut Nigam Limited (SJVNL)
on Build-Own-Operate-Maintain (BOOM) basis with active support from Government of
India and State Government. The MoU of this project was
signed with the Govt. of Himachal Pradesh during Rising Himachal, Global Investor
Meet, which was inaugurated by Prime Minister, Narendra Modi on 7th November
2019. Government of India is also supporting this project by providing grants of
Rs. 66.19 crore for enabling infrastructure which has
helped in reducing in power tariff.
The Luhri Stage-I Hydro
Electric Project shall be commissioned within a span of 62 months. The power generated
from the Project will help in providing Grid stability and will improve the power
supply position. Besides adding valuable renewable energy to the Grid, the project
would also lead to reduction of 6.1 lakh Tons of carbon dioxide from environment
annually, thus contributing to improvement in air quality.
The construction activities of the project will
result in direct & indirect employment to around 2000 persons and will contribute
to overall socio-economic development of the State. Further, Himachal Pradesh will
benefit with free power worth around Rs. 1140 crore from
Luhri Stage-I Hydro Electric Project, during Project Life
Cycle of 40 years. The Project Affected Families will be provided with 100 units
of free electricity per month for ten years.
SJVN has forayed into the fields of Renewable Energy,
Power Transmission and Thermal power generation. It has envisaged Internal Growth
Targets of total installed capacity from all sources of 5000 MW by 2023, 12000 MW
by 2030 and 25000 MW by year 2040.