J&K Admin Council clears 850 MW Ratle Hydroelectric Project
In a significant decision, the Jammu and Kashmir (J&K) Administrative Council has approved the proposal for the development of an 850 MW Ratle Hydroelectric Project in a joint venture of the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC).“The Rs 5300 crore project would be executed by a new Joint Venture Company - Jammu Hydroelectric Power Corporation Limited to be formed between the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC),” an official statement said.“The equity contribution of JKPDC in the company pegged at Rs 776.44 crore will be provided as a grant from the government of India”, it said.The statement further said that all the clearances for the project are already in place, he...