J&K Government approves setting up of JVC “Ratle Hydroelectric Power Corporation” to develop 850 MW HEP

Current GK ( Master) Sustainable Development and Envirnmental Issues

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 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).
The equity contributions of NHPC will be 51 percent and for JKSPDC will be 49 percent.
The proposed JVC will have 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.