The agreement was signed here today by Dr Anup K Pujari, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and by Shri Kun Kim, Country Director, INRM on behalf of the ADB. Shri Tarun Kapoor, MD, Himachal Pradesh Power Corporation Ltd signed the agreement on behalf of the Corporation as well as the Power and Finance department of the Himachal Pradesh government

The second tranche will cover civil works for construction of a diversion barrage, power intake, de-sanding arrangements and gates and hoisting for the Sawra Kuddu hydroelectric project, located in the Shimla district of Himachal Pradesh.

The Himachal Pradesh Clean Energy Development Investment Program, approved in 2008, is for a total amount of 800 million US dollars. It covers the Sawra Kuddu, the Keshang I, II and III stages, the Sainj, and the Shontong - Karcham projects.

The first tranche of the project was signed on November 10, 2008. It was for an amount of 150 million US Dollars.