Jammu, February 04 (KNO) : A Memorandum of Understanding (MOU) has been exchanged among NHPC Limited, Jammu & Kashmir State Power Development Department (JKPDD) and J&K State Power Development Corporation (JKSPDC) for execution of 850 MW Ratle Hydroelectric Project (Jammu & Kashmir) in the august presence of Prime Minister of India, Narendra Modi on Sunday.
Governor Satya Pal Malik, Dr. Jitendra Singh Union Minister of State (I/c) for Development of North Eastern Region, Dr. Nirmal Singh Speaker Jammu & Kashmir Legislative Assembly, Jugal Kishore Sharma Member of Parliament and Shamsher Singh Manhas Member of Parliament were present on the occasion.
On this occasion, Aniruddha Kumar, Joint Secretary (Hydro), MoP, Govt. of India, Ratish Kumar, Director (Projects), NHPC, N.K. Jain, Director (Personnel), NHPC, M.K. Mittal, Director (Finance), NHPC, Janardan Choudhary, Director (Technical), NHPC and other senior officers from NHPC, JKPDD, JKSPDC and State government were also present.
Earlier, Balraj Joshi, CMD, NHPC signed the MOU on behalf of NHPC, whereas Hirdesh Kumar, Commissioner/Secretary to Government of J&K & Managing Director JKSPDC signed the documents on behalf of JKPDD and JKSPDC.
The project will be executed through a joint venture between NHPC and JKSPDC. Located in Kishtwar District of J&K, the Ratle Hydroelectric Project is a run-off-river/pondage scheme on Chenab River. The project is covered under the Indus Water Treaty 1960 between India & Pakistan.
The project will have an installed capacity of 850 MW (4x205 MW + 1x30 MW) and is designed to generate 3136.80 Million Units in a 90% dependable year. The expected completion cost of the project is Rs 6215.61 crore. The construction of this project will enhance socio-economic & infrastructure development in the area besides generating employment opportunities.
NHPC is a Category-A Miniratna Company under Ministry of Power, Govt. of India in the field of hydropower. With 24 operational projects and an installed capacity of 7071.2 MW, it has emerged as a premier company in the field of power generation through conventional and non-conventional sources. The company has 3 projects (3800 MW) under construction including 1000 MW Pakal Dul project in J&K state in a Joint Venture with JKSPDC.(KNO)