Categories: National

J&K Govt approves setting up of JVC “Ratle Hydroelectric Power Corporation”

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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.