NHPC signs pact to HDFC Bank to monetize return on equity of Chamera-I Power Plant.

Why in news?

• Recently State-owned National Hydropower Generation Company (NHPC) limited signed a facility agreement with HDFC bank limited to securitise return on equity (RoE) of its 540 MegaWatt (3 X 180 MegaWatt) Chamera-I Power Plant in Himachal Pradesh for 10 years.

About Chamera-I Power Station:

• Chamera-I Power Plant (3 x 180 MW) is an underground powerhouse with an installed capacity of 540 MW houses 3 units of 180 MW capacity each designed which generates 1664.56 million units of hydropower from river Ravi in Chamba district of Himachal Pradesh.
• The power plant comprises a 121 metre high, 295-metre long concrete arch-gravity dam with a 5-metre diameter, 6.414-kilometre long headrace tunnel.
• The beneficiary states/Union Territories (UTs) of the powerhouse are Uttarakhand, Uttar Pradesh (UP), Delhi, Himachal Pradesh (HP), Haryana, Jammu & Kashmir (J&K), Punjab, Rajasthan and Chandigarh.