Ratle hydroelectric power corporation to develop 850 MW Ratle HEP on Chinab river

Srinagar, March 18: With an aim to empowering the Jammu Kashmir, J&K Administrative Council (AC), approved the incorporation of the 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 at Drabshala in Kishtwar.

 

The proposed JVC will have authorized capital of Rs. 1600 Crore with initial paid-up capital of Rs. 100 Crore, out of which the JKSPDCL will contribute Rs. 49 Crore as initial equity.

  

It should be noted that the MoU Memorandum of Understanding to execute the project was signed in the January between Government of Jammu and Kashmir, JKSPDCL, and NHPC in the presence of the Lieutenant Governor. Based on the MoU already signed, the Administrative Council approved the Promoters' Agreement for the JVC between the 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 850 MW Ratle HEP at an estimated cost of Rs. 5281.94 Cr. 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.

 

According to the J&K Council, it will substantially add to the power generation capacity of J&K, provide financial & developmental benefits, and enable effective use of western rivers under the IndusWaterTreaty. The Power generated from the project will help in providing the balancing of the Grid and will improve the power supply position. The construction activities of the Project will result in direct and indirect employment to around 4000 persons of J&K.

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