As per the Agreement, the Loan will be used to Develop and Construct the Greenfield Kiru Hydro Electric Project (4×156 MW) on the River Chenab in the Kishtwar District of Jammu & Kashmir.

The formal signing of the agreement took place on 14th June 2024 at the Corporate Office of CVPPPL in Jammu (J&K), in the presence of Shri Ramesh Mukhiya, Managing Director, Shri Vasant Hurmade, GM (C&P), Shri Sanjay Kumar Gupta, GM (Finance), from CVPPPL and Shri Nitin Kumar, GM & HOU (CSP), Shria Avinash Chand, Shri Vishu Chaudhary from PFCand Shri Ranjan Kumar Giri, AVP from IDBI Capital Markets & Securities Limited, among other key officials of respective organizations.

This collaboration marks a significant step towards sustainable energy development in the region.

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He was accompanied by Rajendra Prasad Goyal, CMD – NHPC Limited and Raj Kumar Chaudhary, Director (Technical & Projects) – NHPC Limited. During the visit, Pankaj Agarwal, Secretary (Power) took stock of various construction activities of Ratle Hydroelectric Project (850 MW). Thereafter, they visited Kishtwar and took a review meeting wherein Ramesh Mukhiya, MD, CVPPPL and heads of all the projects were present.

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