Kwar hydropower project receives grant of Rs 4,526 crore

29 Apr 2022 CW Team

On Wednesday the Cabinet Committee on Economic Affairs sanctioned the investment of Rs 4,526.12 crore for the Kwar Hydro-electric project of 540 MW located on Chenab River in Kishtwar district, Jammu and Kashmir.

This forms a part of the Indus basin and will be one of the minimum four upcoming projects in the district, comprising the Pakal Dul hydroelectric project of 1,000 MW and the run-of-the-river Kiru hydroelectric project of 624 MW.

Under the 1960 vintage Indus Water Treaty (IWT) established between India and Pakistan, both the countries share the six rivers in the Indus basin flowing through India towards Pakistan. Out of which, India has full rights over three eastern rivers, Beas, Sutlej, and Ravi, and Pakistan over the western rivers - Jhelum, Chenab, and Indus.

However, India can build run-of-the-river projects on the western rivers as well. In the last five years, the government has been approving construction projects to tap into the potential in the Indian part of the Indus basin.

The Kwar hydropower project would be implemented by Chenab Valley Power Projects Private Limited (CVPPL), a joint venture between NHPC Limited and Jammu and Kashmir State Power Development Corporation (JKSPDC) having equity contributions of 51% and 49% respectively.

The project would generate 1,975.54 million units within a 90% dependable year. The government of India extended a grant of Rs 69.80 crore for the cost of enabling infrastructure while supporting the Union Territory of Jammu and Kashmir by sanctioning a grant of Rs 655.08 crore for the equity contribution of JKSPDC in VPPPL. NHPC will invest its equity of Rs 681.82 crore from its internal resources.

Image Source

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..