Shimla: Six months ahead of schedule, Jaypee group is ready to commission the first unit of the 1000 MW Karcham Wangtoo hydropower project on Satluj River by March, listing it out as the largest private sector hydropower plant in the country due to come on stream soon.
A company executive said that the first 250 MW unit would be ready for commissioning by March and the other three units were scheduled to be synchronized by June. The Karcham Wangtoo project of JP Power Ventures is estimated to cost about Rs 7000 croreâ€™s, said the executive.
The project is run of the river generation plant, where the main course of the river from the confluence of Baspa River with Satluj River has been dammed at Karcham in Kinnaur district of Himachal Pradesh and diverted through a tunnel to utilize the head for generating electricity at the underground powerhouse at downstream Wangtoo.
Upstream the group already operates the 300 MW Bapsa project that was commissioned on 8th June 2003 after having incurred a construction cost of Rs 1624.72 crores. Besides Baspa, the group also operates the 400 MW Vishnuprayag project in Uttrakhand.
The company is believed to have already tied up to sell 80% of the electricity generated at Karcham-Wangtoo plant through Power Trading Corporation of India and hopes to earn carbon credits from the project for generation of clean energy.