The Central Electricity Authority (CEA) has given a final approval for Moser Baer’s hydro power project in Lahaul, Himachal Pradesh and permitted to hand over Technical Concurrence (TC) for the project. “We have received the final approval from the Central Electricity Authority for our 120 MW Miyar hydro project,” says Ratul Puri, Chairman, Moser Baer Projects Pvt Ltd. The construction work on the project (3 x 40 MW) is likely to commence in April 2013. Funds for the project would be a mix of debt and equity. Miyar project would see an investment of about Rs 900 crore and would be funded in the debt to equity ratio of 75:25; Puri said adding that the equity contribution would be around Rs 250 crore.