Term Loan agreement signed between CVPPL & HUDCO Limited

Chenab Valley Power Project Limited (CVPPL), Joint Venture of NHPC LTD (51%) and JKSPDC (49%) has signed an Agreement with HUDCO Limited, Government of India Navratna Enterprise, for Term Loan of ₹1073.754 Crore (Rupees One Thousand SeventyThree Crore Seventy Five Lakh and Forty Thousand only). As per the Agreement, the Loan will be utilized for Development and Construction of greenfield Pakal Dul Hydro Electric Project (4×250 MW) on River Marusudar located in Kishtwar District of Jammu & Kashmir.

The formal signing of the agreement took place on 24th June, 2025 at the Corporate Office of CVPPL in Jammu, J&K, in the presence of Ramesh Mukhiya, Managing Director, Vasant Hurmade, GGM (C&P), Sanjay Kumar Gupta, GM (Finance), from CVPPL and Dr. Deepak Bansal, Regional Chief, HUDCO Regional Office Jammu, Sona Pingua, Manager Project and Dapinder Kaur, Assistant Manager from HUDCO, among other key officials of respective organizations.  This collaboration marks a significant step towards sustainable energy development in the region.