The state government has said it intended to buy back the Uri-I power project from the National Hydel Power Corporation (NHPC) for an estimated Rs 2,100 crore within two years.
“The government intends to buy back the Uri-I project, valued at Rs 2,100 crore, from the NHPC within two years, which is expected to generate an annual revenue of Rs 1,000 crore to Rs 1,500 crore for the state,” Public Health Engineering, Irrigation and Flood Control Minister Taj Mohiuddin said at a seminar here yesterday.