The Jammu and Kashmir administration has approved the incorporation of a joint venture company (JVC) under the name “Ratle Hydro-electric Power Corporation”. To implement the 850 MW Ratle Hydro-Electric Project (HEP) on river Chenab in the Kishtwar district of the Union Territory (UT) of Jammu & Kashmir (J&K). The JV company has been incorporated between the Government of Jammu and Kashmir, National Hydroelectric Power Corporation (NHPC) and J&K State Power Development Corporation Ltd (JKSPDC).
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About the project:
- The equity contributions of NHPC will be 51 per cent and for JKSPDC will be 49 per cent.
- The proposed JVC will have an authorised capital of Rs 1,600 crore with initial paid-up capital of Rs 100 crore.
- The 850 MW Ratle HEP will be developed at an estimated cost of Rs 5,281.94 crore.
Important takeaways for all competitive exams:
- Lieutenant Governor of Jammu and Kashmir: Manoj Sinha.