SJVN LIMITED RECEIVES INVESTMENT APPROVAL FOR ITS SUNNI DAM HEP

The implementation of the project shall generate direct & indirect employment to about 4000 persons during peak construction of the project...

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment for 382 MW Sunni Dam Hydro Electric Project (HEP) in Himachal Pradesh by SJVN Limited, for an estimated cost of Rs. 2614.51 crore including Rs. 13.80 crore as budgetary support from Government of India for cost of enabling infrastructure. Ex-post facto approval is given for cumulative expenditure incurred amounting to Rs.246 crore till January, 2022.

Project cost of Rs. 2,614 crore included hard cost amounting to Rs. 2246.40 crore, Interest During Construction (IDC) and Financing Charges (FC) of Rs. 358.96 crore & 9.15 crore respectively. The revised cost sanctions for cost variations due to quantity changes (including additions/ alterations/ extra items) and time overruns due to the developer shall be capped at 10% of sanctioned cost.

Keeping in view the aims and objectives of Atmanirbhar Bharat Abhiyan, the present proposal for setting up of 382 MW Sunni Dam HEP by SJVN shall provide various benefits to local suppliers/ local enterprises/ MSMEs – and shall encourage entrepreneurship opportunities within the country besides promoting employment and socio-economic development of the region.

SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. It was incorporated in 1988 as Nathpa Jhakri Power Corporation, a joint venture between Government of India and Government of Himachal Pradesh.

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