Uttarakhand secures approval for 300MW hydro project
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.