Bengaluru: A joint venture company under the name Ratle Hydro-electric Power Corporation will implement the 850 MW Ratle Hydro-Electric Project (HEP) on river Chenab at Drabshala in Kishtwar.
A capital of Rs 1,600 crore will be allotted. Presently, an initial paid-up capital of Rs 100 crore, out of which the Jammu and Kashmir State Power Development Corporation (JKSPDCL) will contribute Rs 49 crore as initial equity.
The Memorandum of Understanding (MoU), to execute the project, was signed between the Government of Jammu and Kashmir, JKSPDCL and NHPC on 03.01.2021 in the presence of the Sinha, Swarajya notes.
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.