New Delhi: State-run hydropower major NHPC Limited on Friday approved investment proposals worth over Rs 5,700 crore for the development of two hydroelectric projects in the Union Territory of Jammu & Kashmir.
In a regulatory filing to the stock exchnages, the company informed that its board cleared an investment of Rs 2,708.95 crore for the implementation of the 240 MW Uri-I Stage-II Hydroelectric Project. The cost includes Rs 264.31 crore towards Interest During Construction (IDC) and Rs 26.20 crore earmarked for enabling infrastructure.
The project is scheduled to commence from March 1, 2026, subject to signing of an implementation agreement with the Government of J&K/JKSPDC and other necessary approvals, the company informed.
In addition, NHPC approved an investment of Rs 2,993.96 crore for the 260 MW Dulhasti Stage-II Hydroelectric Project. The project cost includes Rs 289.06 crore for IDC and Rs 245 crore for enabling infrastructure. The construction is also slated to begin from March 1, subject to similar conditions.
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