The Cabinet Committee on Economic Affairs in India has approved the investment of Rs.4526.12 crore for the 540MW Kwar hydroelectric project on the river Chenab in Kishtwar district of Union Territory of Jammy and Kashmir.
The project will be implemented by M/s. Chenab Valley Power Projects Private Limited (M/s. CVPPL) a joint venture company between NHPC and JKSPDC with equity contribution of 51% and 49% respectively.
The Kwar project is expected to be commissioned within 54 months. The power generated from the Project will help in balancing of Grid and will improve the power supply position. Project construction is expected to result in direct and indirect employment to around 2500 persons and will contribute in overall socio-economic development of the Union Territory of J&K.
