NHPC, JKSPDC incorporate JV for Ratle hydroelec. projec
14 June 2021
NHPC Limited, India’s premier hydropower company has formed a joint venture company, “Ratle Hydroelectric Power Corporation Limited” for the implementation of the 850 MW Ratle Hydroelectric Project. The JVC has been incorporated with NHPC and Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) holding an equity share of 51% and 49% respectively. Ratle HE 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 amongst JKSPDC, NHPC, and erstwhile Government of Jammu & Kashmir in the august presence of Hon’ble Prime Minister, of India, Sh. Narendra Modi. Further, a supplementary MoU for implementation of Ratle was signed at Jammu, in the presence of Sh. R.K. Singh, Hon’ble Minister of State (IC) (Power and New & Renewable Energy) & Minister of State (Skill Development and Entrepreneurship), Dr. Jitendra Singh, Hon’ble Union Minister of State (IC), Ministry of Development of North Eastern Region; Minister of State, Prime Minister`s Office; Minister of State, Ministry of Personnel, Public Grievances and Pensions; Minister of State, Department of Atomic Energy; and Minister of State, Department of Space and Sh. Manoj Sinha Hon’ble Lieutenant Governor, UT of Jammu and Kashmir.
The Ministry of Power has already conveyed investment sanctions for the construction of the 850 MW Ratle HE Project at an estimated cost of Rs 5281.94 crore (at Nov.2018 price level). Subsequently, the Promoters Agreement was recently signed leading to the incorporation of Ratle Hydroelectric Power Corporation Limited.