REC Limited has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a Rs 2,147.508 crore term loan for the Pakal Dul Hydro Electric Project, a 1000MW greenfield initiative in Kishtwar district, Jammu & Kashmir. This project, being developed on the Marusadar River, a tributary of the Chenab River, aims to enhance renewable energy capacity and energy security in the region.
The agreement was formalized at CVPPL’s Corporate Office in Jammu, with the presence of CVPPL’s Managing Director Ramesh Mukhiya and REC Limited’s Chief Project Manager Bhupesh Chandolia, along with senior officials from both organizations.
With an estimated cost of Rs 12,669.67 crore, the Pakal Dul project aligns with India’s transition to clean energy. REC Limited had previously provided Rs 1,869.265 crore for the 624MW Kiru Hydro Electric Project in April 2024.
This collaboration underscores the government’s commitment to harnessing hydroelectric potential, ensuring energy self-sufficiency, and promoting sustainable development in Jammu & Kashmir.
