Chenab Valley Power Projects Pvt. Ltd. has paid about US$65 million to the state as compensation natural resources and land associated with its 1,000 MW Pakal Dul hydropower plant.
The compensation includes US$2.7 million paid to the Ministry of Environment, Forest and Climate Change for the diversion of about 165.7 hectares of forest on the bank of the Marusader River; and US$26.8 million to the ministry for the diversion of 195 hectares of forest land in the Kishtwar National Park. The money will primarily be used to help reforest the areas.
Additional US$35.5 million will be paid to the ministry for wildlife conservation efforts, with a further US$15 million separate from the compensation to be earmarked by Chenab Valley Power's future environmental maintenance.
Country updates
-
-
February 06, 2017
The project has started comercial operation
-
February 06, 2017
20 firms bid for Rewa solar power plant
A total of 20 firms have submitted their respective proposals for the 750-MW Rewa ultra-mega solar power project to be developed in Madhya Pradesh, India.
Read more -
January 20, 2017
AES Corporation to develop India’s first grid-scale energy storage system
Read more -
January 18, 2017
ADB finance ReNew Power through $390 m loan
As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and boost support for clean energy, the Asian Development Bank (ADB) approved a new US$390 mill...
Read more -
January 17, 2017
The project was commissioned
