The cabinet committee on economic affairs (CCEA), chaired by Prime Minister NarendraModi, has approved the investment sanction for construction of 624-MW Kiru hydroelectric project by the Chenab valley power projects private limited (CVPPPL) in Jammu and Kashmir, officials said on Thursday.
The project will be implemented at an estimated cost of Rs 4287.59 crore (at July 2018 price-level), an official spokesman said in a statement.
This includes interest during construction (IDC) and foreign component (FC) of Rs 426.16 crore and infusion of equity of Rs 630.28 crore by the national hydel power corporation (NHPC) in CVPPPL, the statement issued by the Press Information Bureau said.
