CCEA approves 1,000 MW Tehri plant

NEW DELHI: The Cabinet Committee on Economic Affairs has approved the 1,000 MW Tehri Pumped Storage power plant in Uttaranchal to be built at an estimated cost of Rs 1,657.60 crore.

The approved cost includes interest of Rs 81.64 crore during construction, Information and Broadcasting Minister P R Dasmunsi told reporters after the CCEA meeting.

The project is being executed by Tehri Hydro Development Corporation with a debt-equity ratio of 70:30.

The power plant would help in reducing the shortage of electricity in the northern region and also improve the hydro-thermal mix in the country, he said.

THDC is a joint venture of the Government of India and Government of Uttar Pradesh.