Kiru to get 135m dam and underground Power House with 4 units of 156 MW each
REC Limited is providing financial assistance of Rs.1,869.265 crores as Term Loan to Chenab Valley Power Project Private Limited (CVPPPL) for Development, Construction and Operation of the Greenfield 4 x156 MW Kiru Hydro Electricn 24 Project on River Chenab, in Kishtwar district of Jammu & Kashmir.
The Agreement was signed on 24 Apr in the presence of Managing Director, Ramesh Mukhiya; General Manager (C&P), Vasant Hurmade; and General Manager (Finance), Sanjay Kumar Gupta from CVPPPL, and Deputy General Manager, Pramod Kumar Soni; and Deputy General Manager, Rishabh Jain from REC Limited.
CVPPPL is a Joint Venture Company between NHPC (51%) and JKSPDC (49%), a joint initiative of the Government of India and the Government of J&K, formed to harness the vast hydro potential of river Chenab.
The company has been incorporated in 2011. CVPPPL has been entrusted with construction of Kiru Hydro Electric Project (624 MW), Pakal Dul Hydro Electric Project (1000 MW), Kwar Hydro Electric Project (540 MW), and Kirthai-II Hydro Electric Project (930 MW) on Build, Own, Operate and Maintain (BOOM) basis with an aggregate installed capacity of 3094 MW. Fiinews.com
