Cabinet approves the Investment Proposal of Rs. 5281.94 crore for 850 MW Ratle Hydro Power Project
Posted On: 2021-01-21 03:56:49 (Time Zone: Arizona, USA)
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi. has given its approval for the investment of Rs.5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir, by a new Joint Venture Company (JVC) to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 % and 49% respectively.
Salient Features
Government of India is also supporting the Union Territory of Jammu and Kashmir by providing grant of Rs. 776.44 crore for Equity contribution of JKSPDC in the JVC to be set up for construction of Ratle HE Project (850 MW). NHPC shall invest its equity Rs.808.14 crore from its internal resources. The Ratle Hydro E
Cabinet approves investment proposal of Rs. 5281.94 crore for Ratle Hydro Power Project
India
Updated: Thursday, January 21, 2021, 10:45 [IST]
New Delhi, Jan 20: The Union Cabinet, chaired by the Prime Minister, Narendra Modi, has given its approval for the investment of Rs.5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir, by a new Joint Venture Company (JVC) to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51% and 49% respectively.
Salient Features
Government of India is also supporting the Union Territory of Jammu and Kashmir by providing grant of Rs. 776.44 crore for Equity contribution of JKSPDC in the JVC to be set up for construction of Ratle HE Project (850 MW). NHPC shall invest its equity Rs.808.14 crore from its internal resources. The Ratle Hydro Electr
Government of Union Territory of Jammu and Kashmir, to make the Project viable, will extend exemption from levy of Water Usage Charges for 10 years after commissioning of the project
January 20, 2021
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The Union Cabinet on Wednesday gave its approval for ₹5,281.94-crore investment in the 850-MW Ratle Hydro Electric (HE) Project located on river Chenab, in Kishtwar district of Jammu and Kashmir. The investment will be made by a new joint venture company (JVC) to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 per cent and 49 per cent respectively.
Centre’s support
The Centre will provide a grant of ₹776.44 crore for equity contribution of JKSPDC in the JVC. NHPC shall invest its equity of ₹808.14 crore from its internal resources. The Ratle Hydro Electric Project will be commissioned within a span of 60 months, an official release said.