Uttarakhand Jal Vidyut Nigam Ltd, the state
government-owned power producer, has planned
to invest
2,500 crore in setting up two gas-based
power plants in joint venture with public sector Gail
(India). UJVNL is in possession of land at the two
power plant sites-Kashipur and Hardwar.
In June last year, UJVN had signed an MoU with GAIL
to set up the two gas-based power plants of 350-mw
each. A total of Rs.2,500 crore is proposed to be invested
in the two power plants. The majority of the power from
these power plants would be sold to Uttarakhand
through a long-term power purchase agreement.