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REC signs loan agreement for Pakal Dul Hydro Electric Project

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REC Limited has entered into a term loan agreement worth Rs 21.47 billion with Chenab Valley Power Project Limited (CVPPL) to support the development and construction of the 1,000 MW Pakal Dul Hydro Electric Project.  This follows the Request for Proposal (RfP) bids, in which four firms were shortlisted for a total rupee term loan (RTL) facility of Rs 63.69 billion for the project. These firms include Housing and Urban Development Corporation (HUDCO), Power Finance…

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CVPP begins dam concrete works on Kwar Hydro Electric Project

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Chenab Valley Power Projects Private Limited (CVPP) has initiated dam concrete works for the Kwar Hydro Electric Project.  The project, a run-of-river (RoR) scheme, is located across the Chenab River near Padyarna village in the Kishtwar district of Jammu.  The project, being developed at an estimated cost of Rs 49.49 billion, is a key part of the region’s renewable energy infrastructure development.

India surpasses 200 GW renewable energy milestone
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India surpasses 200 GW renewable energy milestone

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India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76 GW, followed by wind power…