Srinagar, Oct 2 (UNI) An amount of Rs 5281.94 crore will be utilised to develop 850 MW Ratle hydropower project though a joint venture between JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC), an official said.
He said in a significant decision, the Public Investment Board (PIB), in the Ministry of Finance, Government of India has recommended that the 850 MW Ratle HEP be developed through a Joint Venture Company (JVC) between the JKPDC and the NHPC.