AFCONS bags CVPP's Rs 1051 Crore contract

SRINAGAR: Taking a step further in harnessing of vast Hydro Power potential available in the Chenab Basin, the civil works package for construction of Power House of 1000 MW Pakal Dul Hydro Electric Project has been awarded to M/s AFCONS JAL JV at a total cost of Rs 1051 crore.
The letter of acceptance for the work which is scheduled to be completed in 58 months has been formally issued by Chenab Valley Power Projects (CVPP) to the construction giant.
The construction work of approach road for various components of the project as well as MAT Portal of the Power House is already in progress.
1000 MW Pakal Dul Hydro Electric Project is part of the Prime Minister's Development Package (PMDP) for J&K and its implementation will lead to overall development of the area.
CVPP is a joint venture company formed by Government of J&K (represented by JKSPDC), NHPC Limited (a Government of India Enterprise) and PTC India Limited for harnessing Hydro Power potential of Chenab River Basin.
J&K Government has already extended various concessions to the Pakal Dul Hydro Electric Project. The Union Government has also sanctioned Rs 2500 crore sub-ordinate loan for Pakal Dul Hydro Electric Project, besides equity contribution of JKSPDC in the project. NHPC is extending technical support to the Company for tendering of the projects as well as for designing the project components, besides deputing experienced manpower required for construction of the projects.