Chenab Valley Power Project Private Limited (CVPPPL), a Joint Venture of NHPC LTD (51 per cent) and JKSPDC (49 per cent) has signed an Agreement with Power Finance Corporation Limited, (PFC) a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, for Term Loan of Rs 1869.265 crore (rupees one thousand eight hundred sixty nine crore twenty six lakh fifty thousand only). With this agreement, the Financial Closure for Kiru HEP for Rs 3738.53 crore has been achieved.
As per the Agreement, the Loan will be used to Develop and Construct the Greenfield Kiru Hydro Electric Project (4x156 MW) on the River Chenab in the Kishtwar District of Jammu & Kashmir.
