The Baglihar Hydropower project is a frequently discussed project in the news. It is important to know its location, as mentioned in the question. The correct answer is option 2: Chenab.

Let`s analyze the other options to understand why they are not the correct answers:

1) Beas: The Beas River is not the location of the Baglihar Hydropower project. The Beas River is a tributary to the Indus River and flows through India.

3) Ravi: The Ravi River is not the location of the Baglihar Hydropower project. The Ravi River also flows through India and is a tributary to the Chenab River.

4) Sutlej: The Sutlej River is not the location of the Baglihar Hydropower project. It flows through India and is a tributary to the Indus River.

Therefore, option 2, Chenab River, is the correct answer for the location of the Baglihar Hydropower project.