+
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
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?