New Delhi: State-run hydropower major NHPC Limited has approved investment proposals worth over ₹5,700 crore for the development of two major hydroelectric projects in the Union Territory of Jammu & Kashmir.
The decision was taken at the company’s board meeting on Friday and disclosed in a regulatory filing to the stock exchanges.
₹2,708.95 Crore Approved for Uri-I Stage-II Project
The board has cleared an investment of ₹2,708.95 crore for the implementation of the 240 MW Uri-I Stage-II Hydroelectric Project.
The approved cost includes:
- ₹264.31 crore towards Interest During Construction (IDC)
- ₹26.20 crore for enabling infrastructure
The project is scheduled to commence from March 1, 2026, subject to the signing of an implementation agreement with the Government of J&K/JKSPDC and other necessary statutory approvals.
Read also: NHPC to Boost Hydropower by 4.8 GW by FY27 with 10 GW New Projects and 2,000 MW Pumped Storage
₹2,993.96 Crore Cleared for Dulhasti Stage-II Project
In addition, NHPC has approved an investment of ₹2,993.96 crore for the 260 MW Dulhasti Stage-II Hydroelectric Project.
The project cost includes:
- ₹289.06 crore towards IDC
- ₹245 crore allocated for enabling infrastructure
Construction is also expected to begin from March 1, 2026, subject to similar agreements and approvals.
Boost to Renewable Energy Capacity in J&K
The twin hydroelectric projects are expected to significantly enhance renewable energy capacity in Jammu & Kashmir. The investments reflect NHPC’s continued focus on expanding clean energy generation and strengthening India’s hydropower infrastructure.
Hydropower plays a crucial role in ensuring grid stability and supporting India’s transition towards sustainable and low-carbon energy sources.
About NHPC Limited
NHPC Limited is India’s premier hydropower company and a leading public sector enterprise under the Ministry of Power. Established in 1975, NHPC is primarily engaged in the planning, development, and execution of hydroelectric projects across the country. The company also has diversified interests in solar and wind energy, contributing significantly to India’s renewable energy capacity and energy security.
