State-owned hydropower giant NHPC will form a joint venture with JKSPDCL, ‘Ratle Hydroelectric Power Corporation Ltd’, to implement a 850-megawatt (MW) hydroelectric project in Chenab river basin.
“A promoters agreement has been signed on April 13, 2021, between NHPC Ltd, Jammu & Kashmir State Power Development Corporation Ltd (JKSPDCL) and the Government of Union Territory of Jammu and Kashmir,” according to a BSE filing.
Under the pact, the parties have decided and agreed to jointly establish a company under the name of ‘Ratle Hydroelectric Power Corporation Limited’ for the implementation of Rattle hydroelectric project. It will have an installed capacity of 850 MW in the Chenab river basin and any other project that may be entrusted to the company in the Union Territory of Jammu & Kashmir.
