New Delhi (25.04.2024): REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which REC will provide CVPPL with a financial assistance of ₹ 1,869.265 crore as Term Loan. The loan will be utilized for Development, Construction and Operation of the Greenfield 4 x156 MW Kiru Hydro Electric Project on River Chenab, in Kishtwar district of Jammu & Kashmir.
The 624 MW Kiru Hydro Electric Project is a run-of-river scheme, which envisages construction of dam of height 135 metres and an underground Power House with 4 units of 156 MW each.
The Agreement was signed 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, Shri Rishabh Jain from REC Limited.
REC to extend term loan of ₹ 1, 869 cr for Kiru Hydro Electric Project
By IndianMandarins - 2024-04-25 10:52:00
New Delhi (25.04.2024): REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which REC will provide CVPPL with a financial assistance of ₹ 1,869.265 crore as Term Loan. The loan will be utilized for Development, Construction and Operation of the Greenfield 4 x156 MW Kiru Hydro Electric Project on River Chenab, in Kishtwar district of Jammu & Kashmir.
The 624 MW Kiru Hydro Electric Project is a run-of-river scheme, which envisages construction of dam of height 135 metres and an underground Power House with 4 units of 156 MW each.
The Agreement was signed 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, Shri Rishabh Jain from REC Limited.
