Shimla (
Himachal Pradesh
[India], March 29 (ANI):
Himachal Pradesh
signed a Memorandum of Understanding (MOU)
MoU
in conjunction with the Government of
Telangana
On Saturday, the approval was granted for setting up the 400 MW Seli and 120 MW Miar Hydroelectric Power Projects in the Lahaul-Spiti district, according to an official statement.

This marks the first partnership of this nature in the state’s history, representing a key achievement in the government’s endeavors to utilize its extensive hydropower resources.

The
MoU
were signed by Secretary Rakesh Kanwar Power on behalf of the
Himachal Pradesh
Government and Chief Secretary of Energy
Sandeep Kumar Sultania
on behalf of the
Telangana
The government was present under the esteemed leadership of Chief Minister Thakur
Sukhvinder Singh Sukhu
and Vice Chief Minister of
Telangana
Bhatti Vikramarka Mallu in Shimla.

It is anticipated that both projects will be established at an approximate cost of Rs 6,200 crore along the banks of the Chenab River. These initiatives are projected to create around 5,000 jobs, both directly and indirectly, for the state’s youth.

As per the agreement,
Telangana
The government has paid an initial premium of Rs 26 crore, and following the completion of both projects,
Himachal Pradesh
Will get 12 percent, 18 percent, and 30 percent additional power at no cost for the initial 12 years, following 18 years, and the last 10 years correspondingly as per the updated Energy Policy from the State Government.

Following 40 years, the Administration of
Telangana
would move both projects to
Himachal Pradesh
. Additionally, the
Telangana
The government will allocate 1.5 percent of each project’s total cost to the Local Area Development Fund (LADF). Additionally, they will supply an extra 1 percent of free electricity to the LADF post-commissioning.

The families impacted by these initiatives will similarly be entitled to financial support amounting to 100 units each month for a duration of ten years.

During this event, Chief Minister Thakur
Sukhvinder Singh Sukhu
greeted the Deputy Chief Minister of
Telangana
Bhatti Vikramarka Mallu to
Himachal Pradesh
and noted that this partnership signaled the beginning of a new epoch for collaborative efforts between states within the renewable energy industry.

He likewise extended an invitation to the Government of
Telangana
To investigate additional collaborations in power banking or trading.

He stated, “Our administration is dedicated to safeguarding the state’s assets while making sure that hydropower initiatives advantage the citizens of this state. We will provide complete support to the government.”
Telangana
To set up both initiatives and eagerly anticipate the start of construction at the earliest opportunity. These deals represent a mutually beneficial arrangement for all involved states.

The Chief Minister stated that the current State Government will not permit the exploitation of the state’s resources.

He stated that the state government acknowledged the state’s water resources as assets and was implementing significant changes in the power sector to improve them.
Himachal Pradesh
self-reliant.

He went on to say that although the state has tapped into 11,500 MW of renewable energy thus far, most of these benefits have accrued to Central Public Sector Enterprises. However, he stated that the current government is committed to altering this situation and ensuring that the state’s water resources are leveraged to boost the economic prosperity of its residents.

Deputy Chief Minister of
Telangana
Mallu Bhatti mentioned that according to Vikramarka, the
Telangana
The government was dedicated to securing energy resources for both states, considering their rapidly increasing consumption.

In line with the
Telangana
The Clean and Green Energy Policy for 2025, this
MoU
demonstrates our dedication to expanding our range of energy sources while maintaining environmental sustainability,” he stated, “Through collaboration with
Himachal Pradesh
We are making considerable progress toward ensuring a safer, more sustainable, and dependable energy supply for tomorrow.”

The Deputy Chief Minister stated that the
Telangana
The government has been making significant efforts to boost the proportion of renewable energy sources. This accord underscores the significance of collaboration between states within the energy industry.

The Health and Family Welfare Minister (Col.) Dhani Ram Shandil, who serves as the Principal Advisor for Media to Chief Minister Naresh Chauhan, also holds the position of Chief Managing Director.
Telangana
The Southern Power Distribution Company Limited (TGSPDCL), attended by Musharraf Faruqui as Director Energy, Rakesh Prajapati as Special Secretary Power, along with Arindam Chaudhury and several high-ranking officials from both states, was represented at the event. (ANI)