CVPPL signs term loan agreement with HUDCO Limited

Excelsior Correspondent

JAMMU, June 24: Chenab Valley Power Project Limited (CVPPL), Joint Venture of NHPC LTD (51%) and JKSPDC (49%) today signed an agreement with HUDCO Limited, for term loan of Rs 1073.754 crore.
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 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.

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