REC Limited has signed a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) for the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project. The project, with an estimated cost of Rs 126.69 billion, is being developed on the Marusadar River in the Kishtwar district of Jammu & Kashmir.
In April 2024, REC Limited provided Rs 18.69 billion in financial support to CVPPL for the development, construction, and operation of the 624 MW Kiru hydro-electric project in Kishtwar, Jammu & Kashmir, on the Chenab River featuring a 135-metre dam and an underground powerhouse with four 156 MW units.
