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| Pakaldul Hydro Electric Project awarded to AFCONS | | | Early Times Report
Jammu, Feb 21: In a major breakthrough in the harnessing of vast Hydro Power potential available in the Chenab Basin, the Civil works package for construction of Power House of 1000 MW Pakal Dul HE Project has been awarded to M/s AFCONS JAL JV at a total cost of Rs.1051 Crores.
Letter of acceptance has been issued by CVPP to M/s AFCONS JAL JV and the work is scheduled to be completed in 58 months.
Construction work of approach road for various components of the Project as well as MAT Portal of the Power House is already in progress.
1000 MW Pakal Dul Hydro Electric Project is part of the Prime Minister's Development Package (PMDP) for J&K and its implementation will lead to overall development of the area.
CVPP is a Joint Venture Company formed between GoJK (represented by JKSPDC), NHPC Ltd. (A Govt. of India Enterprise) and PTC India Ltd. for harnessing Hydro Power potential of Chenab River Basin. GoJK has already extended various concessions to the Pakal Dul Hydro Electric Project.
GOI has also sanctioned Rs. 2500 Crores sub-ordinate loan for Pakal Dul Hydro Electric Project, besides equity contribution of JKSPDC in the Project. NHPC is extending technical support to the Company for tendering of the Projects as well as for designing the Project components besides deputing experienced manpower required for construction of the Projects. |
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