Union budget increases strategic Pakul Dul hydropower project’ allocation by 61.25%
New Delhi: With an eye on Pakistan, finance minister Nirmala Sitharaman on Monday increased the budgetary allocation of strategically important Pakul Dul hydropower project on Marusudar river, a tributary of Chenab by 61.25% to ₹602.53 crore for the next financial year.
The government plans to expedite the construction of the 1,000 megawatts (MW) project, which will be the first storage hydropower project in Jammu and Kashmir.
Mint reported on 26 January about a higher budgetary allocation grant and loan to Chenab Valley Power Projects Pvt. Ltd to expedite the construction of the Pakul Dul hydropower project for which Pakistan has raised objections.
