Dehradun, 22 July 2005
Uttaranchal government has signed an agreement with Canadian Commercial Corporation (CCC) for building 400 mw Bhaironghati hydel project on the river Bhagirathi in the state.
A memorandum of understanding was signed in this regard last evening in the presence of Chief Minister N D Tiwari, Power Secretary N Ravishanker said.
Under the agreement, the CCC would provide loan of Rs 2000 crore to Uttaranchal Jal Vidyut Nigam Limited (UJVNL) through Power Finance Corporation (PFC) for building the project in Uttarankashi district.
CCC would also provide expertise in hydro power, planning, design engineering, project management, technical supervision and latest equipments required for the project, Ravishanker said.
Speaking on the occasion, Tiwari reiterated his government’s commitment to exploit the hydro power resource so as to put the state on firm footing
News Source: http://economictimes.indiatimes.com