NHPC forms JV with JKSPDCL to set up 850-MW Ratle hydropower project in J&K outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
The project will have an installed capacity of 850 MW in the Chenab river basin and any other project that may be entrusted to the company in the Union Territory of Jammu & Kashmir.
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NHPC To Acquire PTC India s 2% Stake In Chenab Valley Power Projects Chenab Valley Power Projects is a joint venture company;NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent
Updated: May 13, 2021 11:44 am IST
Post the stake acquisition, NHPC s share in Chenab Valley Power Projects will increase to 51 per cent
NHPC has received the go-ahead to acquire the entire 2 per cent stake of PTC India in Chenab Valley Power Projects. Chenab Valley Power Projects is a joint venture company; NHPC holds 49 per cent in Chenab Valley Power Projects, whereas JKSPDC holds 49 per cent and PTC holds 2 per cent. Post the stake acquisition, NHPC s share in Chenab Valley Power Projects will increase to 51 per cent and it will become a majority stakeholder.
The News Scroll 12 May 2021
Last Updated at 6:25 pm | Source: PTI
NHPC gets nod to acquire 2pc equity stake of PTC India in Chenab Valley Power Projects Outlook May 12, 2021 18:25 IST NHPC gets nod to acquire 2pc equity stake of PTC India in Chenab Valley Power Projects outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, May 12 (PTI) State-run hydro power giant NHPC on Wednesday said that it has got approval of the concerned authority to acquire the entire 2 per cent equity stake of PTC India in Chenab Valley Power Projects Private Ltd. After the acquisition of the stake, the NHPC s share will increase to 51 per cent to become a majority stakeholder in Chenab Valley Power Projects Private Ltd.