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Read more about NHPC to hold 51% stake in JV - Ratle Hydroelectric Power Corporation on Business Standard. The agreement entails the formation of joint venture company under the name and style of Ratle Hydroelectric Power Corporation upon the terms & conditions contained in Promoters Agreement, for implementation of Ratle hydroelectric project with
NHPC Limited inks promoter agreemetnt for Hydroelectic Power project
Posted On: 2021-04-14 07:17:58 (Time Zone: Arizona, USA)
NHPC Limited has announced that a Promoters Agreement has been signed on 13.04.2021 between the company, Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) and Government of Union Territory of Jammu & Kashmir.
The Parties hereby decide and agree to jointly establish a Company under the name and style of Ratle Hydroelectric Power Corporation Limited upon the terms & conditions contained in Promoters Agreement, for implementation of Ratle hydroelectric project with installed capacity of 850 MW in the Chenab River Basin and any other Project which may be entrusted to the Company in the Union Territory of Jammu & Kashmir.