J&K Administrative Council Clears 850 MW Ratle Hydroelectric Project
In a significant decision the J&K Administrative Council in its meeting on Friday approved the proposal for development of 850 MW Rattle Hydroelectric Project in Joint Venture Mode by NHPC and JKSPDC.The Rs 5,300 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).The equity contribution of JKPDC in the company pegged at Rs 776.44 crore will be provided as grant from the Government of India."The decisions will pave the way for an early beginning of work on the project. All the clearances for the project are already in place hence the project is expected to be compl.....