New Delhi: NHPC Limited and Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) have signed an Implementation Agreement for the development of two major hydroelectric projects with a combined capacity of 500 MW in the Union Territory of Jammu & Kashmir.

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The agreement covers the 240 MW Uri-I Stage-II and 260 MW Dulhasti Stage-II hydroelectric projects and was signed at Jammu on March 27, 2026. The projects will be developed by NHPC on a BOOT (Build-Own-Operate-Transfer) basis for a period of 40 years.

The agreement has been signed by Rahul Yadav, Managing Director of JKSPDCL, and Anish Gouraha, Executive Director at NHPC, in the presence of senior officials from both organisations.

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NHPC's Chairman and Managing Director (CMD) Bhupender Gupta congratulated the teams involved in finalising the agreement and appreciated their efforts in advancing hydropower development in the region.

With a total installed capacity of 500 MW, the projects are expected to contribute to India’s clean energy targets while strengthening reliable power supply in Jammu & Kashmir.

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