NHPC Limited, India's premier hydropower company, has taken a significant step forward in expanding the country's renewable energy capacity with the signing of an Implementation Agreement for two major hydroelectric projects in the Union Territory of Jammu & Kashmir.
In a regulatory filing to the BSE (Scrip Code: 533098) and NSE (Symbol: NHPC) on Friday, the company announced that the agreement was signed on March 27, 2026, in Jammu between NHPC Limited and the Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL).
Project Details
The Implementation Agreement covers the development of:
240 MW Uri-I Stage-II Hydroelectric Project
260 MW Dulhasti Stage-II Hydroelectric Project
Both projects are located in the Union Territory of Jammu & Kashmir and will be developed by NHPC on a BOOT (Build-Own-Operate-Transfer) basis for a period of 40 years.This agreement follows the company's earlier intimation dated February 20, 2026, and represents a major milestone in the execution of these strategically important hydropower projects.
Strategic Significance
The development of these projects is expected to significantly enhance the region's power generation capacity, contributing to the national grid and supporting the government's focus on expanding renewable energy infrastructure. The projects also hold strategic importance for the Union Territory of Jammu & Kashmir, promoting economic development and energy security in the region.
About NHPC
NHPC Limited (CIN: L40101HR1975GOI032564) is a Schedule 'A' Enterprise of the Government of India and the country's premier organization for hydropower development. The company is engaged in the development, operation, and maintenance of hydroelectric power projects across India. NHPC is also expanding its footprint in other renewable energy sources, including solar and wind power.
(News Agency)
