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State-run power major NHPC Limited has signed a pact with Himachal government for execution of 449 MW Dugar hydroelectric project.
The project is a run of the river dam on Chenab river in Himachal's Chamba district.
The estimated present day cost of the project is Rs 4,112 crore and will generate 1,610 MUs in a 90 per cent dependable year with 95 per cent machine availability, the company said in a statement.
The agreement was signed in the presence of Himachal Chief Minister Jai Ram Thakur, NHPC chairman and managing director A K Singh, and NHPC director (technical) Y K Chaubey.
The IA document was signed by NHPC general manager Suresh Kumar, and Himachal government's Directorate of Energy director Harikesh Meena.
Dugar hydroelectric project (HEP) is a green field project and the project site lies between the Sachkhas HEP (267 MW) at its upstream (in Himachal Pradesh) and the Kirthai-I HEP (390 MW) at downstream (in UT of J&K).