Various proposals were accorded approval by the board of directors in the board meeting of the Uttarakhand Jal Vidyut Nigam limited (UJVNl). According to information provided by official sources, the board granted its approval for filing of a petition with the Uttarakhand electricity regulatory commission regarding capital investment for renovation, modernisation and upgrading work on the 33.75 MW Dhakrani hydro electric project.
In addition to this, the board was also informed that international credit agency had made the UJVNl credit rating from BBB to A category as a result of which the corporation will receive a benefit of Rs 24 crore in the form of interest.
The budget of the UJVNl for the year 2016-17 was also passed by the board members at the meeting. The board members also accorded their approval to the detailed project report for the 12 MW Tankul small hydro electric project located in Pithoragarh district.
In addition to this, approval was also accorded in principle for construction of captive power plant in the cooperative sector sugar mills in Bazpur and Nadehi.