Uttarakhand and Himachal Pradesh would jointly work for constructing the Kishau dam project under a joint venture scheme. For completing the project, both States will form Special Purpose Vehicle (SPV) and both Governments will jointly work to complete the project.
This decision was taken at a meeting held at Shimla, Himachal Pradesh, in which Uttarakhand Chief Secretary Alok Kumar Jain and Himachal Pradesh Chief Secretary Sudripta Roy. Both States will work collectively for 600 Megawatt multi-project Kishau dam project.
Himachal Pradesh had already urged Union Government to bear 90 per cent of the cost of the project and the Uttarakhand will also support Himachal Pradesh to meet with the expanses, as the state is labeled with special status. Uttarakhand and Himachal Pradesh will invest depending on its share in the hydro power project.
It is a joint venture and rest of 10 per cent expenditure would be borne other states, who will seek facility of irrigation and potable water. It is to be noted that Uttarakhand, Haryana, Delhi, Rajasthan and Uttar Pradesh would be benefited with the project.
The project would be proved useful to generate 660 megawatt electricity and 97076 hectare irrigation and 619 mcm potable water capacity and would be constructed with the cost of Rs 7193 crore. Both agreed to have SPV within a week and memorandum of understanding will be signed in the presence of both chief ministers within 15 days and displaced villagers would be also rehabilitated.
UJVNl Chairman Subhash Kumar, Infrastructure Development Commissioner Rakesh Sharma, Principal Secretary (Power) SS Sandhu were also present.