Himachal Pradesh Power Corporation ltd celebrated its seventh Raising Day here. On this occasion, a Health Walk was organised for the employees of HPPCl from the Ridge Corporate Office at Tutikandi via Indian Institute of Advance Studies which was flagged off by DK Sharma, Managing Director, HPPCl in the presence of other Directors.
A pledge to work sincerely and diligently as a disciplined team was also administered to the employees of HPPCl by the Managing Director.
The main function of the celebrations was held at the Corporate Office, HPPCl. In his key note address, Sharma said, “By virtue of our engagement in energy generation we are involved in the infrastructure development of the State and in building our nation. With this onerous responsibility each one of us has to perform to our utmost capability, sincerity and sense of purpose.”
He said Asian Development Bank(ADB), the funding agency for four hydroelectric projects under construction by HPPCl is satisfied with the progress of the projects. German Development Bank KfW in addition to their existing loan of Euro 150 million for electromechanical works of Shongtong Karchham
Hydroelectric Project has agreed under the ‘Himalayan Development Program’ to finance Rs 1,631 crores (Euro 201.5 million) for 191 MW Thana Plaun hydro-electric project.
Sharma said that Rs 1,619 crore will be given in the form of long term loan and Rs 12 crore as grant for the technical studies of this project. Recently, Asian Development Bank has agreed in principle to finance 48MW Surgani Sundla HEP envisaged downstream of Baira Suil Project in Chamba District of Himachal Pradesh.