The formal signing ceremony took place on February 11, 2025, at CVPPL’s Corporate Office in Jammu (J&K) in the presence of Sh. Ramesh Mukhiya, Managing Director, CVPPL and Sh. Bhupesh Chandolia, Chief Project Manager (CPM), REC Limited, Regional Office Jammu along with other senior officials from both organizations.

This strategic collaboration marks a significant milestone in the pursuit of sustainable energy development in the Jammu & Kashmir region. The Pakal Dul Hydro Electric Project is expected to play a pivotal role in harnessing renewable energy resources, contributing to the region’s energy security, and supporting India’s clean energy transition.

Previously, REC has signed an agreement in April 2024 with CVPPPL for financial assistance of ₹1869.265 Crore as Term Loan. The loan was for Development, Construction and Operation of Greenfield Kiru Hydro Electric Project (4 x156 MW) on River Chenab located in Kishtwar District of Jammu & Kashmir.

The post REC Limited Signs Agreement with CVPPL, to provide ₹2147.508 Crore Term Loan to Develop 1000MW Pakal Dul Hydro Electric Project appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The signing ceremony took place today at CVPPL’s Corporate Office in the presence of Sh. Bhupesh Chandolia, CPM, REC Regional Office Jammu and Sh. Ramesh Mukhiya, Managing Director, CVPPL and other senior officials from both organisations.

As per the agreement, the loan will be utilised for the development and construction of the greenfield Pakal Dul Hydro Electric Project 1000 MW, having a total project cost of ₹ 12669.67 crore on the River Marusadar located in Kishtwar District of Jammu & Kashmir.

This collaboration marks a significant step towards sustainable energy development in the region of Jammu & Kashmir.

The post REC signed an agreement with NHPC’s JV Chenab Valley Power Project Ltd. (CVPPL) for Term Loan of ₹2147.508 crore. appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.