India's National Hydroelectric Power Corporation (NHPC) has finalised its contract agreements with Hindustan Construction Company Ltd for civil works at the 240MW Uri-II and 231MW Chamera-III hydro power projects in the states of Jammu and Kashmir and Himachal Pradesh.

NHPC is executing both schemes as federal government projects with a debt-equity ratio of 70:30. The 70% is provided by the federal government, and the balance funds are being arranged by NHPC as term loan.

The Uri project on the Jhelum river is scheduled to be completed in 51 months and will generate 1123M units of energy every year. Chamera would be completed in 60 months and generate 1108M kWh per year.