+
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.   

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code