Sunni Dam hydro-electric project in Himachal Pradesh

SJVN has received investment approval for the 382 MW Sunni Dam hydro-electric project in Himachal Pradesh.
The Cabinet Committee on Economic Affairs, chaired by Hon’ble Prime Minister Narendra Modi, has approved SJVN Limited’s investment in the 382 MW Sunni Dam Hydroelectric Project in Himachal Pradesh for an estimated cost of ₹2614.51 Crore, which includes ₹13.80 Crore in budgetary support from the Government of India for the cost of enabling infrastructure. Ex-post approval is granted for cumulative expenditures totaling ₹246 Crore until January 20, 2022.
The project cost of ₹2614 Crore included hard costs of ₹2246.40 Crore, interest during construction (IDC), and financing charges (FC) of ₹358.96 Crore and ₹9.15 Crore, respectively. The revised cost sanctions for cost variations due to quantity changes (including additions, alterations, and extra items) and time overruns caused by the developer shall be capped at 10 percent of the sanctioned cost.
Keeping in mind the goals and objectives of the Atmanirbhar Bharat Abhiyan, the current proposal for the construction of the 382 MW Sunni Dam HEP by SJVN will provide various benefits to local suppliers, local enterprises, and MSMEs, as well as encourage entrepreneurship opportunities within the country while also promoting employment and socio-economic development in the region. Approximately 4000 people will be employed directly and indirectly during the project’s peak construction period.