The proposed 243 MW Kashang hydropower project in the tribal district of Kinnaur in Himachal Pradesh has been granted environmental clearance by the Union Ministry of Forests and Environment.
The project will be developed by state-owned HP Power Corporation Ltd. Himachal Pradesh has already posed the first stage of 65 MW for funding before the Asian Development Bank (ADB) and has succeeded in obtaining Rs 297 crore.
A detailed project report has already been prepared and submitted to the ADB for sanction of Rs 453 crore to execute the entire project. With the green clearance the funding will speed up.
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