|Jammu and Kashmir State Power Development Corporation (JKSPDC) will invest Rs 1,850 crore this fiscal in setting up of power projects.|
The annual budget of Rs 1,850 crore was approved by the Board of Directors of the JKSPDC.
The budget including equity investment in the major power projects - BHEP-II, Parnai, Lower Kalnai, New Ganderbal, Kirthai-I , Kirthai-II, Pahalgam, Hanu, Dah and the three Projects under Joint Venture namely Kiru, Kawar and Pakaldull.
The board has also approved invitation of tenders for development of 390 MW Kirthai-I and 990 MW Kirthai-II as fully state-owned projects through EPC mode.
The board approved award of contracts for 9 MW Hanu and 9 MW Dah to the eligible lowest bidder on the basis of tender process successfully completed by the Corporation.