Financial Daily from THE HINDU group of publications
Friday, Jun 10, 2005
Financial Daily from THE HINDU group of publications Friday, Jun 10, 2005 |
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Industry & Economy
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Power Investment Board nod for three power projects Our Bureau
New Delhi , June 9 THE Power Ministry has received the approval of the Public Investment Board (PIB) for three power projects worth Rs 5,050 crore, Power Minister Mr P.M. Sayeed said here today. TheMinistry would approach the Cabinet shortly for clearances, he added. Two of the projects are hydel plants in the Ladakh region of Jammu and Kashmir, while the third is a transmission project in Bihar, he told newspersons. The 45-MW Minoo Bazgo hydel project in Leh and the 44-MW Chutak hydel project in Kargil would be built at a cost of Rs 629.65 crore and Rs 631.72 crore respectively. Both are run-of-the-river projects and would be completed by the National Hydroelectric Power Corporation within four years from the date of sanction, he said. The initial tariff in these projects is pegged at Rs 5-6 per unit, Mr Sayeed said, adding that these areas received central subsidies and high consumer tariffs would be offset through Government aid. The third project is the transmission system linking NTPC's 1980-MW coal-based Barh power plant to the Eastern grid.
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