+
REC to Provide Loan for 1,000 MW Pakal Dul Hydro Project
POWER & RENEWABLE ENERGY

REC to Provide Loan for 1,000 MW Pakal Dul Hydro Project

REC Ltd, a leading government-owned financial institution, has announced a Rs 21.47 billion term loan agreement with Chenab Valley Power Project Ltd (CVPPL) for setting up the 1,000 MW greenfield Pakal Dul hydroelectric project. The project is being developed on the Marusadar River in Kishtwar, Jammu & Kashmir.

Formal Signing and Key Officials

The agreement was formally signed on February 11, 2025, at CVPPL’s Corporate Office in Jammu, in the presence of:
  • Ramesh Mukhiya, Managing Director, CVPPL
  • Bhupesh Chandolia, Chief Project Manager (CPM), REC Ltd, Regional Office Jammu
  • Senior officials from both organisations

This strategic partnership marks a significant milestone in the region’s energy infrastructure, furthering India's push for sustainable and renewable energy solutions.
Transforming Energy Security in Jammu & Kashmir

The Pakal Dul Hydro Electric Project is expected to play a crucial role in:
  • Harnessing renewable energy to strengthen India's green energy portfolio
  • Enhancing energy security in the Jammu & Kashmir region
  • Supporting India’s clean energy transition, aligning with national sustainability goals

This initiative underscores the growing emphasis on hydroelectric power as a vital component of India's renewable energy strategy, reinforcing the country’s commitment to reducing carbon emissions and promoting long-term energy sustainability.   

REC Ltd, a leading government-owned financial institution, has announced a Rs 21.47 billion term loan agreement with Chenab Valley Power Project Ltd (CVPPL) for setting up the 1,000 MW greenfield Pakal Dul hydroelectric project. The project is being developed on the Marusadar River in Kishtwar, Jammu & Kashmir.Formal Signing and Key OfficialsThe agreement was formally signed on February 11, 2025, at CVPPL’s Corporate Office in Jammu, in the presence of:Ramesh Mukhiya, Managing Director, CVPPLBhupesh Chandolia, Chief Project Manager (CPM), REC Ltd, Regional Office JammuSenior officials from both organisationsThis strategic partnership marks a significant milestone in the region’s energy infrastructure, furthering India's push for sustainable and renewable energy solutions.Transforming Energy Security in Jammu & KashmirThe Pakal Dul Hydro Electric Project is expected to play a crucial role in:Harnessing renewable energy to strengthen India's green energy portfolioEnhancing energy security in the Jammu & Kashmir regionSupporting India’s clean energy transition, aligning with national sustainability goalsThis initiative underscores the growing emphasis on hydroelectric power as a vital component of India's renewable energy strategy, reinforcing the country’s commitment to reducing carbon emissions and promoting long-term energy sustainability.   

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?