National Hydroelectric Power Corporation will set up the project on river Suru in the Kargil district at an estimated cost of approximately US$135.5M. Funds earmarked for the 220kV Srinagar-Leh transmission line will be reallocated to this project.

Funding breaks down as follows:

• Equity from government of India: US$40.66M

• Grant from government of India: US$79.44M

• Commercial loan: US$15.46

The project is scheduled for commissioning within a period of 54 months from the date of sanction.