The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved of Rs 2,614 crore for the 382 MW Sunni Dam Hydro Electric Project inHimachal Pradesh.
The Run of River project being executed on Satluj river in Shimla and Mandi districts of Himachal Pradesh will have 71-meter-high concrete gravity Dam and six generating units in its surface Power House.
The project shall generate 1382 million units annually and the levelized tariff of electricity generated will be R 3.90 per unit. The project is scheduled to be commissioned within 63 months of the commencement of construction works. The project is being financed on a 70:30 debt Equity ratio and on completion it will earn 16.50% return on equity for SJVN.
Sunni Dam Hydro Electric Project will provide 1382 MU of green energy to the grid and will reduce carbon dioxide emissions by 1.1 Million tons annually. This hydro project will play a crucial role in balancing the grid over the intermittent nature of solar and wind power. The commissioning of this project will contribute significantly towards the Government of Indias vision to provide Round the Clock Power to All.