J&K Grants 40-Year Land Lease for Kiru Hydropower Project

JAMMU: The Jammu and Kashmir government has approved a 40-year land lease agreement for the Kiru Hydropower Project, marking a major step towards increasing renewable energy capacity in the region. This decision is expected to accelerate the construction and operational phases of the project and contribute to the energy security and economic development of the region.

The Kiru Hydropower Project, located on the Chenab River, is a crucial part of the government's strategy to harness hydropower potential and reduce dependence on fossil fuels. The project aims to generate 624 megawatts of electricity, which will provide a substantial boost to the region's electricity supply and support the stability of the local electricity grid.

The 40-year lease facilitates the acquisition of the necessary land, ensuring uninterrupted development and long-term operation of the hydropower plant. This move underlines the government's commitment to promoting sustainable energy projects and harnessing natural resources for economic growth.

Officials emphasized that the project would create numerous employment opportunities during the construction and operation phases, benefiting local communities and promoting regional development. Furthermore, the hydropower plant is expected to contribute to environmental conservation by providing a cleaner alternative to traditional energy sources.

The Kiru Hydropower Project is part of a broader initiative to develop the region's hydropower potential, in line with national targets to increase renewable energy capacity. The successful implementation of the project will serve as a model for similar ventures, strengthening Jammu and Kashmir's position as a key player in India's renewable energy landscape.

With the land lease in effect, developers are ready to accelerate construction activities, aiming for on-time completion and operational readiness. The government's proactive approach in facilitating the project demonstrates its commitment to sustainable development and energy diversification.