300 MW Ashkot HPP was developed as a raw site with a capacity of under 50 MW in compliance with AJ&K Power Policies, however, during conduct of feasibility study the site potential was optimized and a capacity of 300MW was determined. With a capacity in excess of 50MW, the project was transferred by the GOAJK, to PPIB for further processing in July 2017. On 6 December 2017 the AJ&K Council gave its consent to PPIB for further processing and development of the 300MW Ashkot HPP. In November 2018, the PPIB Board approved the project for further processing including issuance of Letter of Interest.