On the basis of the MoU already signed, the Administrative Council approved the Promoters' Agreement for the JVC between Government of J&K, NHPC, and J&K State Power Development Corporation Ltd.
The Administrative Council further authorised the Principal Secretary to the Government, Power Development Department and the Managing Director, Jammu and Kashmir State Power Development Corporation Limited to sign the Promoters' Agreement and other related documents for operationalisation of the Joint Venture Company.
The JVC will develop the 850 MW Ratle HEP at an estimated cost of Rs 5,281.94 crore. Ratle HEP is a run-of-the-river project on river Chenab in Kishtwar district and lies in between the Dulhasti HEP on its upstream and the Baglihar HEP on its downstream.
Once completed, it will substantially add to the power generation capacity of Jammu and Kashmir, provide financial and developmental benefits, and enable effective use of western rivers under the Indus Water Treaty.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.