Union cabinet clears 850 MW Ratle power project in J&K
The Ratle hydroelectric project will result in direct and indirect employment to around 4,000 persons. Further, Jammu and kashmir will benefit by getting free power worth Rs 5,289 crore and through a levy of water usage charges worth Rs 9,581crore from the project, during its lifecycle of 40 years. January 20, 2021 / 07:08 PM IST
The Union cabinet on January 20 approved investment plan worth Rs 5,281.94 crore to develop 850 megawatt (MW) Ratle hydroelectric project located on river Chenab in Kishtwar district of Jammu and Kashmir.
The project will be executed by a new joint venture company to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu and Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 per cent and 49 per cent, respectively.
New Delhi [India], January 20 (ANI): The Union Cabinet has given its approval to an investment of Rs 5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab in Kishtwar district by a new Joint Venture Company (JVC) to be incorporated between National Hydroelectric Power Corporation (NHPC) and Jammu and Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 per cent and 49 per cent respectively.
The Union Cabinet has given its approval to an investment of Rs 5281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab in Kishtwar d
The 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, the statement added.