NHPC Limited said that it has incorporated a joint venture company called ‘Ratle Hydroelectric Power Corporation Limited with Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL).

The Indian state-owned hydropower generation company will have a stake of 51% in the joint venture, while JKSPDCL will own the remaining stake of 49%.

Ratle Hydroelectric Power Corporation Limited is the holding company for the 850MW run-of-river Ratle hydroelectric project to be developed in the Chenab River Basin in Jammu and Kashmir (J&K) with an estimated cost of INR 5,281.94 crore.

The joint venture for the Indian hydropower project will have authorized capital of INR 1,600 crore. The initial paid-up capital will be INR 100 crore, of which JKSPDCL will chip in an initial equity of INR 49 crore.

  Chenab River Basin, Hydropower project, India, Jammu and Kashmir, JKSPDCL, NHPC, Ratle Hydroelectric Power Corporation Limited, Ratle hydropower project