NHPC signs MoU with Himachal Pradesh government for 500MW Dugar HE Project

29 Aug 2022 , 02:31 PM

As per Memorandum of Understanding (MoU) signed between NHPC Limited and Himachal Pradesh Government on September 25, 2019 for execution of Dugar HE Project, an Implementation Agreement for the Project has been signed between the parties on August 26, 2022 at Shimla.

The agreement was signed in the presence of Jai Ram Thakur, Hon’ble Chief Minister, Himachal Pradesh, A.K. Singh, Chairman & Managing Director, NHPC Limited and Y.K. Chaubey, Director (Technical), NHPC Limited. The document was signed by Suresh Kumar, General Manager (E) NHPC and Sh Harikesh Meena, IAS, Director (Energy), Directorate of Energy (DoE), Govt. of Himachal Pradesh.

NHPC Limited had signed a MoU with Himachal Pradesh Government on September 25, 2019 for execution of 449 MW Dugar HE Project located in Chamba District, Himachal Pradesh. 

The project is a run of the river scheme on River Chenab. The estimated present day budget of the project is Rs4112 crore and will generate 1610 MUs in a 90% dependable year with 95% machine availability, the company said.

On Monday, at around 2:31 PM, NHPC Ltd is currently trading at Rs35.85 per share up by Rs0.3 or 0.84% from its previous closing of Rs35.55 per share on the BSE.

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