PTI reported that Moser Baer Projects has received the final approval from the Central Electricity Authority for its 120 MW Miyar hydro plant in Himachal Pradesh and construction is expected to start in April next year.
An integrated power company, Moser Baer Projects Private Ltd has interests in solar, hydro and thermal generation areas, among others.
Mr Ratul Puri chairman of MBPPL said that “We have received the final approval from the Central Electricity Authority for our 120 MW Miyar hydro project. The construction is expected to start around April.”
CEA, the nodal agency for planning activities in the power sector, has consented to issue Technical Concurrence for the project.
The project having three units of 40 MW capacity each is coming up at Lahaul in Himachal Pradesh.
Mr Puri said that “Miyar project would see an investment of about INR 900 crore and would be funded in the debt to equity ratio of 75:25.”
He said that the equity contribution would be around INR 250 crore.
According to him, necessary investigative work has been done to minimize geological risks for the project.
