CCEA Approves Rs 2,614.51 Cr Investment Proposal for Sunni Dam Hydro Electric Project in Himachal Pradesh

The Cabinet Committee on Economic Affairs (CCEA) has approved the investment for the 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN Ltd, for an estimated cost of Rs 2,614.51 crore including Rs 13.80 crore as budgetary support from the Government of India for the cost of enabling infrastructure.
 
The ex-post facto approval has been provided for cumulative expenditure incurred amounting to Rs 246 crore till January, 2022.
 
Further, the project cost of Rs 2,614 crore includes hard cost amounting to Rs 2,246.40 crore, Interest During Construction (IDC) and Financing Charges (FC) of Rs 358.96 crore and Rs 9.15 crore respectively. The revised cost sanctions for cost variations due to quantity changes (including additions/ alterations/ extra items) and time overruns due to the developer would be capped at 10 per cent of the sanctioned cost.
 
The present proposal for setting up 382 MW Sunni Dam HEP by SJVN would provide various benefits to local suppliers/ local enterprises/ MSMEs and would encourage entrepreneurship opportunities within the country besides promoting employment and socio-economic development of the region.
 
Meanwhile, the implementation of the project would generate direct & indirect employment for about 4,000 persons during the peak construction of the project.