120 MW Miyar Project – Lahaul valley’s first large hydro project – gets Technical Concurrence under EA 2003
New Delhi, December 14, 2012: The Central Electricity Authority (CEA) has consented to issue Technical Concurrence (TC) for Miyar Hydroelectric Project (120 MW) being developed by Miyar Hydro Electric Power Company Ltd. (MHEPCL). This company is a subsidiary of Moser Baer Projects Private Limited (MBPPL). The project (3 X 40 MW) coming up at the Miyar nullah, Udaipur, Lahaul in Himachal Pradesh is the first large hydro project in the valley.
Having bagged the TC, all major clearances are now completed and MBPPL has actively begun the process of financing the project. The project shall generate 452 Million Units annually which shall be fed into the Northern grid.
A.B Giri, Chief Executive Officer – Hydro, Moser Baer Projects, said, “The project, together with the 400 MW Seli project, will open a new vista in the infrastructure development of the valley, paving way for local employment generation and overall socio-economic development of the region. CEA has given its nod on the basis of our Detailed Project Report (DPR) submitted to the Authority in April, 2011. The MoEF (Ministry of Environment and Forests) and CEA expert committees have reviewed each aspect of the project including safety, environment and socio-economic impact before granting the concurrence. The fact that Miyar hydro power project has successfully passed the detailed screening of the CEA speaks about its strong fundamentals.”
Upon final allocation of the project in July 2009 by the Government of Himachal Pradesh through ICB (International Competitive Bidding) process, Moser Baer Projects’ hydro team took to a comprehensive and systematic extensive geological investigation and environmental studies. The process of development through MoEF, CEA and various departments of the Government of Himachal Pradesh and other ministries of the Government of India has been completed and all the approvals including land and this TC approval have been received in a short span of three years, which is a benchmark of its kind.
Moser Baer Projects is also developing another contiguous project – 400 MW (Seli Hydro Electric Project) plant in Lahaul, Himachal Pradesh besides a number of projects ranging from 50 MW to 500 MW in Sikkim and Nepal.
About Moser Baer Projects Private Ltd (MBPPL):
MBPPL is engaged in the development of power assets using both conventional and non-conventional sources of energy. It is one of the fastest growing integrated power companies in India, operating across a synergetic span of Thermal, Hydel and Solar verticals offering end-to-end services (Power Generation, Power Trading, Engineering Procurement Commissioning, etc.) in its areas of operations. The company plans to commission 7085 MW of power over the next few years to emerge as a leading player in the India energy sector. In addition to the above, the company is also developing over 6100 MW of capacity using conventional and non-conventional sources in India, Europe and the USA. The hydro arm of the company has been awarded with 120 MW Miyar Hydro Electric Project on Miyar nullah and 400 MW Seli Hydro Electric Project on river Chenab in Lahaul & Spiti district (HP). Both the projects are in advanced stages of implementation. The company will be setting up hydro power plants in Sikkim and Nepal besides other parts of the North East. Finding clean and renewable energy sources to meet the rapidly growing energy needs is one of the biggest challenges that the world faces today. Moser Baer Projects is committed towards developing and supporting newer and cleaner ways to power the world.
Website: www.moserbaerprojects.com
For more details, please contact:
Abhinav Kanchan, Group Head-Corporate Communications
abhinav.kanchan@moserbaer.in, + 91-9958867269, , 011-40594175
Ankur Sachin Bhat
ankur.bhat@moserbaer.in , +91- 9899819904, 011-40594127
