Cabinet approves investment proposal of Hydro project worth Rs 5281 crore
New Delhi: The Union Cabinet chaired by the Prime Minister, Narendra Modi approves the Investment Proposal of Rs. 5281.94 crore for 850 MW Ratle Hydro Power Project. The Ratle Hydro Electric (HE) Project is located on river Chenab, in Kishtwar district of Union Territory of Jammu and Kashmir, 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% and 49% respectively.
NHPC shall invest its equity Rs. 808.14 crore from its internal resources, and shall be commissioned within a span of 60 months. The Power generated from the project will help in providing balancing of Grid and will improve the power supply position.
Read Also : REC Limited to extend term loan of Rs 1,869 cr for Kiru Hydro Electric Project in Kishtwar, J&KNews Must Read
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