REC has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to extend a term loan of Rs 2,147.51 crore for the development of the 1000MW Pakal Dul Hydro Electric Project. This greenfield hydroelectric project, located on the Marusadar River in Jammu & Kashmir’s Kishtwar district, has a total estimated cost of Rs 12,669.67 crore.

The formal agreement was signed on February 11, 2025, at CVPPL’s Corporate Office in Jammu in the presence of Ramesh Mukhiya, Managing Director, CVPPL, and  Bhupesh Chandolia, Chief Project Manager (CPM), REC Limited, Regional Office Jammu, along with senior officials from both organizations.

The Pakal Dul Hydro Electric Project is expected to significantly contribute to harnessing renewable energy in the region, strengthening Jammu & Kashmir’s energy security, and supporting India’s transition to clean energy. This project aligns with the government’s vision to develop sustainable power infrastructure while utilizing the vast hydro potential of the Chenab River basin.