NHPC announced that Union Cabinet on 20 January 2021 has given its approval for the investment of Rs. 5281.94 crore for 850 MW Ratle Hydro Electric Project located on river Chenab in Kistwar district of Union Territory of Jammu & Kashmir, by a new Joint Venture Company (JVC) to be incorporated between NHPC and Jammu & Kashmir State Power Development Corporation (JKSPDCL) with equity contribution of 51% and 49% respectively. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.