<p>The Union Cabinet on Wednesday approved a proposal to invest Rs 4,526.12 crore to construct 540 MW Kwar hydroelectric project in Jammu & Kashmir.</p>.<p>"Cabinet has approved construction of 540 Megawatt Kwar Hydro Electric project at a cost of Rs 4,526.12 crore," Union Minister Anurag Thakur said in a briefing on the cabinet decisions.</p>.<p>It was informed that the project will generate 1,975.54 million units of electricity in a 90 per cent dependable year. It will be commissioned in 54 months.</p>.<p>It will provide direct and indirect employment to about 2,700 persons.</p>.<p>The project will come up on river Chenab in the Kishtwar district of Jammu & Kashmir. It will be implemented by Chenab Valley Power Projects Ltd.</p>.<p>Chenab Valley Power Projects Ltd is a Joint Venture Company between NHPC (51 per cent) and JKSPDC (49 per cent), formed at the initiative of the Jammu & Kashmir government and the Centre to harness the vast hydro potential of river Chenab. The company was incorporated on June 13, 2011.</p>.<p>The company has been entrusted with the construction of hydropower projects on a build, own, operate and maintain (BOOM) basis with an aggregate installed capacity of 3,094 MW. </p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>The Union Cabinet on Wednesday approved a proposal to invest Rs 4,526.12 crore to construct 540 MW Kwar hydroelectric project in Jammu & Kashmir.</p>.<p>"Cabinet has approved construction of 540 Megawatt Kwar Hydro Electric project at a cost of Rs 4,526.12 crore," Union Minister Anurag Thakur said in a briefing on the cabinet decisions.</p>.<p>It was informed that the project will generate 1,975.54 million units of electricity in a 90 per cent dependable year. It will be commissioned in 54 months.</p>.<p>It will provide direct and indirect employment to about 2,700 persons.</p>.<p>The project will come up on river Chenab in the Kishtwar district of Jammu & Kashmir. It will be implemented by Chenab Valley Power Projects Ltd.</p>.<p>Chenab Valley Power Projects Ltd is a Joint Venture Company between NHPC (51 per cent) and JKSPDC (49 per cent), formed at the initiative of the Jammu & Kashmir government and the Centre to harness the vast hydro potential of river Chenab. The company was incorporated on June 13, 2011.</p>.<p>The company has been entrusted with the construction of hydropower projects on a build, own, operate and maintain (BOOM) basis with an aggregate installed capacity of 3,094 MW. </p>.<p><strong>Check out DH's latest videos:</strong></p>