PFC signs loan agreement with CVPPPL to extend Rs 18.70 billion financing for Kiru HEP

Power Finance Corporation Limited (PFC) has signed an agreement with the Chenab Valley Power Project Private Limited (CVPPPL) for a term loan of Rs 18.69 billion.
As per the agreement, the loan will be used to develop and construct the greenfield Kiru hydroelectric project (HEP) (4×156 MW) on the river Chenab in Kishtwar district of Jammu and Kashmir. CVPPPL is a 51:49 per cent joint venture between NHPC Limited and Jammu and Kashmir State Power Development Corporation Limited.