State-run NHPC on Wednesday said the power ministry has approved an investment of Rs 973 crore for the proposed 1,856 MW Sawalkot hydro electric project in Jammu & Kashmir.

The Ministry of Power has accorded investment approval for pre- investment activities for Sawalkot HE Project in UT of Jammu & Kashmir for an amount of Rs 973 crore at November, 2021 price level, a BSE filing stated.

Sawalkot project is a run-of-the-river project proposed on the river Chenab in district Ramban & Udhampur of Jammu & Kashmir. NHPC in January 2021 signed an MoU with the J&K administration for developing the much-delayed Sawalkot hydro-electric project which has been postponed since its conception in 1984.

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