Indian Union Cabinet on 27th April 2022, approved an investment of Rs. 4,526.12 crore in the Kwar Hydro project on River Chenab. This 540 MW hydro project is situated in the Kishtwar area of Jammu and Kashmir.
Kwar Hydro project will be commissioned in 54 months, and will provide direct or indirect employment to about 2,700 people. Chenab Valley Power Projects Ltd., a joint venture between National Hydro Power Corporation (NHPC) and Jammu and Kashmir State Power Development Corporation (JKSPDC), will be the implementing entity for this project. The company will develop the Kwar Hydro power project on Build-Own-Operate-Maintain (BOOM) basis.