NHPC has inked a memorandum of understanding (MoU) with the Jammu and Kashmir State Power Development Corporation (JKSPDCL) for hydropower projects.

The MoU has been inked for execution of Kirthai-11 (930 MW), Sawalkot (1,856 MW), Uri-I (Stage-II) (240MW), Dulhasti (Stage-II) (258 MW), hydropower projects.

NHPC and JKSPDCL will also explore the possibility of developing the renewable energy potential of Jammu and Kashmir including (but not limited to) solar, wind and small hydro projects either by expanding the scope of the existing joint venture companies or by creating a new joint venture company. The detailed modalities will be mutually worked out by the parties.

NHPC will help in capacity building of engineers and staff of Jammu and Kashmir with special attention to staff from POD and JKSPDCL. This will include but not be limited to trainings, site and exposure visits and short and long term deputations of Jammu and Kashmir engineers and staff to NHPC.

NHPC will support POD and its unbundled corporations and JKSPDCL with assistance and consultancy in project management (PMC) and monitoring and related aspects including power trading.

The 930 MW Kirthai-11 project will be executed by Chenab Valley Power Projects (a joint venture company of NHPC, JKSPDCL and PTC India), on the same terms and conditions as have been agreed for Pakaldul, Kiru and Kwar HEPs.

The Sawalkot (1,856 MW), Uri-I (Stage-II) (2 40MW), Dulhasti (Stage-II) (258 MW) hydropower projects will be executed by NHPC on BOOT basis for a period of 40 years.

The projects will be handed over back to the government of Jammu and Kashmir after 40 years of commercial operation with specified generation capacity and free from all encumbrances.