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.
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