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.
