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NHPC: NHPC gets nod to acquire 2% equity stake of PTC India in Chenab Valley Power Projects

Explore Now NEW DELHI: 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. Ministry of Power vide its letter dated May 12, 2021 has conveyed approval of competent authority for taking over of 2 per cent equity of PTC India Limited (PTC) in Chenab Valley Power Projects Private Ltd (A Joint Venture Company between NHPC (49 per cent), JKSPDC (49 per cent) and PTC (2 per cent)) by

NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K

The News Scroll 14 April 2021   Last Updated at 9:17 pm | Source: PTI NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K Outlook April 14, 2021 21:17 IST NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K outlookindia.com 1970-01-01T05:30:00+0530 New Delhi, Apr 14 (PTI) State-owned hydropower giant NHPC will form a joint venture with JKSPDCL, Ratle Hydroelectric Power Corporation Ltd , to implement a 850-megawatt (MW) hydroelectric project in Chenab river basin. A promoters agreement has been signed on April 13, 2021, between NHPC Ltd, Jammu & Kashmir State Power Development Corporation Ltd (JKSPDCL) and the Government of Union Territory of Jammu and Kashmir, according to a BSE filing.

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