REC Limited signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a Rs 21.48 billion term loan for the development and construction of the greenfield Pakal Dul Hydro Electric Project (HEP).
The capacity of the project is 1,000 MW with a total estimated cost of Rs 126.69 billion. The project is being developed on the Marusadar River in the Kishtwar District of Jammu & Kashmir. The Pakal Dul HEP is expected to support renewable energy development in the region.