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Uttarakhand secures approval for 300MW hydro project

CTBR Staff Writer Published 14 December 2012

North Indian state of Uttarakhand secured an approval from the central government for its 300MW Lakhwad hydro-power project in the state.

The project will be executed by the Uttarakhand Jal Vidyut Nigam, which is a joint venture between the state and central governments.

Construction of the project will be developed at an estimated cost of INR 39.66bn ($727.27m) with the central government expected to pool in a third of the cost.

According to Uttarakhand chief minister Vijay Bahuguna the secured approval has been a long awaited one and will help the state improve its power-deficit situation.

The project is expected to be completed within four years of the commencement of construction, added Bahuguna.