The web version of this article corrects a few errors that appeared in the print edition.
Himachal Pradesh has initiated a number of projects to tap its hydropower potential, some of which will submerge parts of protected areas. To examine the implications of moving towards "green growth", this study examines the costs and benefits to the state if two hydel power plants in which reservoirs will submerge protected areas, including sanctuaries, are not undertaken. It estimates that the gain from conservation-based growth is considerable compared to the cost of going green.