The Union Cabinet has approved 850 megawatts (MW) Ratle hydropower project worth an Rs. 5281.94 crore on Chenab river in Kishtwar district of Jammu and Kashmir. The project is being implemented under the Centre’s plan to expedite strategically important hydropower projects in the union territory post its reorganization.
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The project will be developed by a new joint venture company between state-run National Hydroelectric Power Corporation (NHPC) Ltd and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC), where NHPC will have a 51% stake in the JV firm, while the balance will be held by JKSPDC.
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