SRINAGAR: The proposed 1,856 MW Sawalkot hydroelectric project in Jammu and Kashmir has been given Rs 97.3 billion investment nod by the Indian government.
According to a Bombay Stock Exchange (BSE) filing, the Ministry of Power has approved pre-investment activities for the Sawalkot HE Project in the UT of Jammu and Kashmir for a sum of Rs 97.3 billion at the November 2021 pricing level.
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Situated in J&K’s districts of Ramban and Udhampur, the Sawalkot project is a run-of-the-river project.
The J&K administration and NHPC signed an MoU in January 2021 for the development of the long-delayed Sawalkot hydroelectric project, which has been delayed since its conceptualization in 1984.
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