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22/01/21 11:05 AM IST

850 MW Ratle Hydro Power Project

In news

Cabinet approves the Investment Proposal of Rs. 5281.94 crore for 850 MW Ratle Hydro Power Project

Objective
  • The construction activities of the Project will result in direct and indirect employment to around 4000 persons and will contribute in overall socio-economic development of the Union Territory of Jammu and Kashmir.
  • Further, Union Territory of Jammu and Kashmir will be benefitted by getting free power worth Rs. 5289 crore and through levy of Water Usage Charges worth Rs.9581 crore from Ratle Hydro Electric Project, during project life cycle of 40 years.
Features
  • Government of India is also supporting the Union Territory of Jammu and Kashmir by providing grant of Rs. 776.44 crore for Equity contribution of JKSPDC in the JVC to be set up for construction of Ratle HE Project (850 MW).
  • NHPC shall invest its equity Rs.808.14 crore from its internal resources.
  • The Ratle Hydro Electric Project shall be commissioned within a span of 60 months.
  • The Power generated from the Project will help in providing balancing of Grid and will improve the power supply position.  
Source: PIB

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