The Cabinet today approved the revised cost estimate of Rs 2,717.35 crore for the 400 MW Koteshwar Hydro Electric Project in Uttarakhand.
"The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the revised cost estimate-I of 400 MW Koteshwar Hydro Electric Project (HEP) in Uttarakhand at an estimated completion cost of Rs 2,717.35 crore," an official statement said.
The project is being implemented by Tehri Hydro Development Corporation (THDC) India Ltd.
In addition to additional generating capacity of 400 MW of peaking power, it will regulate releases from Tehri reservoir for irrigation and drinking water supply.
The reservoir of Koteshwar HEP will also act as lower reservoir for under-construction 1000 MW Tehri Pumped Storage Plant.
The project was commissioned fully in March 2012. Only balance works are to be completed which are not linked with operation of the plant but essential for safety and completion of the project, it said.
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