Investment sanctioned for 850 MW HEP on Chenab
NHPC limited, India’s premier hydropower company under Ministry of Power, has formed a joint venture company, “Ratle Hydroelectric Power Corporation Limited” for the implementation of 850 MW Ratle Hydroelectric Project.
The JVC has been incorporated on 1 June 2021 with NHPC and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) holding equity share of 51% and 49%, respectively, the Ministry of Power said on 7 June 2021.
Hydoelectric Project (850 MW), is a Run of River Scheme located on River Chenab, Kishtwar district, Union Territory of Jammu and Kashmir.
A tripartite Memorandum of Understanding (MoU) was signed on 3 Feb 2019 amongst JKSPDC, NHPC and erstwhile Government of Jammu & Kashmir.
Further, a supplementary MoU for implementation of Ratle hydroelectric project was signed on 3 March 2021 at Jammu.
The Ministry has already conveyed investment sanction for construction of 850 MW Ratle HE Project at an estimated cost of Rs.5,281.94 crore (at Nov.2018 price level).
Subsequently, the Promoters Agreement was signed on 13 April 2021 leading to the incorporation of Ratle Hydroelectric Power Corporation Limited. #tenders #projects #contracts #investment /fiinews.com
