Work on 3X8 MW hydro power project Baragaon, Himachal Pradesh to exploit hydro potential from Sanjoin Nalla (tributary of Beas river) and Bijara Nalla (tributary of Sanjoin Nalla) at Baragaon in district Kullu, Himachal Pradesh is making satisfactory progress and is expected to be complete by October 2014. The project promoters have spent Rs 67% of the project cost till the end of May 2014.
The project is estimated to cost Rs. 180.64 crore which is proposed to be financed at a debt to equity ratio of 2.60:1. The project is unlikely to face any hurdles as the all the necessary clearances and approvals required for the project are in place. The project is being developed by Kanchanjunga Power Company Pvt Ltd (KPCPL). KPCPL is a SPV promoted by Rohit Saraf (brother of Sanjiv Saraf of the Polyplex Group).