NHPC approves Rs 5,702 crore investment for two J&K hydro projects

NHPC Limited (NHPC) has approved investment proposals worth about Rs 5,702 crore for two hydroelectric projects in the Union Territory of Jammu & Kashmir with a combined capacity of 500 MW. The decision was taken by the Board of Directors at its meeting held on Friday, subject to signing implementation agreements with the Government of Jammu & Kashmir and receipt of statutory approvals.

The Board approved the Uri-I Stage-II Hydroelectric Project (240 MW) and the Dulhasti Stage-II Hydroelectric Project (260 MW).

The Uri-I Stage-II project has an estimated completion cost of Rs 2,708.95 crore. Construction is scheduled to begin from March 1, 2026. The cost includes Rs 264.31 crore towards Interest During Construction (IDC) and Rs 26.20 crore as grant for enabling infrastructure.

The Dulhasti Stage-II project carries an estimated completion cost of Rs 2,993.96 crore. This includes Rs 289.06 crore towards IDC and Rs 245.00 crore allocated for enabling infrastructure. Construction is also scheduled to commence from March 1, 2026.

The investment approvals are conditional on NHPC signing implementation agreements with the Government of Jammu & Kashmir or the Jammu & Kashmir State Power Development Corporation (JKSPDC), along with other required clearances.

The two projects expand NHPC’s hydropower development pipeline in Jammu & Kashmir and add to its existing hydro generation portfolio across India.

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