NHPC Board Approves ₹5,700+ Crore Investment in J&K Hydro Projects

State-owned hydropower major **NHPC Limited** has approved major investment proposals for two hydroelectric projects in the Union Territory of Jammu & Kashmir, reinforcing its commitment to expanding clean energy capacity in the region. In a Board meeting held on February 20, 2026, the company cleared an investment of ₹2,708.95 crore for the **Uri-I Stage-II Hydro Electric Project (240 MW)**. The approved cost includes ₹264.31 crore towards Interest During Construction (IDC) and ₹26.20 crore allocated for enabling infrastructure. The project is scheduled to commence construction from March 1, 2026, subject to the signing of an implementation agreement with the Government of Jammu & Kashmir and other necessary approvals. Additionally, the Board approved the Dulhasti Stage-II Hydro Electric Project (260 MW) at an estimated completion cost of ₹2,993.96 crore. This includes ₹289.06 crore for IDC and ₹245 crore for enabling infrastructure. Construction for this project is also proposed to begin from March 1, 2026, following requisite approvals and agreements. With a combined planned capacity of 500 MW and total investment exceeding ₹5,700 crore, these approvals mark a significant step in strengthening India’s renewable energy infrastructure and boosting hydro capacity in Jammu & Kashmir. **Disclaimer:** This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisor before making any investment decisions. Follow for more timely updates on markets and corporate developments.