By IANS
Shimla : State-owned Sutlej Jal Vidyut Nigam Ltd (SJVNL) Tuesday signed an agreement with the World Bank for a $400-million loan to build the 412 MW Rampur hydropower project in Himachal Pradesh.
SJVNL chief H.K.Sharma and Isabella Guerrio, country director, World Bank, signed the agreement in New Delhi, a SJVNL spokesman said.
The 412 MW Rampur project is being built on the Sutlej River in Shimla district, some 130 km from here.
The project is adjacent to the country’s largest hydropower project – the 1,500 MW Nathpa Jhakri project – also built and run by SJVNL.
The filtered waters of the Nathpa project are being used through underground tunnels by the Rampur project to bring down costs.
The Rampur project is slated to be commissioned by January 2012 and will generate 1,770 million units of electricity.