Kiru hydro project: REC provides Rs 1,869 crore loan for the project
The 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir has got a term loan of Rs 1,869 crore from REC Ltd. The loan will be utilized for the development, construction, and operation of the project on River Chenab. REC has signed an agreement with Chenab Valley Power Project Private Ltd (CVPPPL), under which REC will provide CVPPPL with financial assistance of Rs 1,869.265 crore as a term loan.
The project envisages the construction of a 135-meter high dam and an underground powerhouse with 4 units of 156 MW each.
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