LATEST UPDATES

LoC Skirmish In Rajouri: Injured Soldier Dies

Precious Kashmir 24/01/2021

Pahalgam, Gulmarg Freeze As Mercury Increases Elsewhere In Kashmir

Precious Kashmir 24/01/2021

Two Kupwara youth found dead in stranded vehicle on Sgr—Jmu national highway

Precious Kashmir 24/01/2021

Air traffic resumes at Srinagar airport

Precious Kashmir 24/01/2021

Highway closed; air traffic delayed, to resume soon

Precious Kashmir 24/01/2021

ACB team seizes documents of a shopping complex owned by a top official

Precious Kashmir 23/01/2021

Authorities seal medical shop, ask police to investigate story behind alleged ‘fake’ doctor

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway To Remain Closed Tomorrow

Precious Kashmir 23/01/2021

Police solve Solina Srinagar hit and run case

Precious Kashmir 23/01/2021

SDM Uri, PSOs have a close shave

Precious Kashmir 23/01/2021

Vaccinate teachers, staff before reopening schools: DAK to authorities

United News Of India 23/01/2021

Amid snowfall, fellow Muslim villagers shoulder body of a Kashmiri Pandit stuck in ambulance in Shopian

Precious Kashmir 23/01/2021

BSF detects longest infiltration tunnel along IB in Hiranagar sector

Precious Kashmir 23/01/2021

Militant hideout busted in Poonch Mandi

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway Closed Amid Snowfall

Precious Kashmir 23/01/2021

Three injured as vehicle Overturns in Boniyar

Precious Kashmir 23/01/2021

Fresh snowfall brings respite from severe cold spell in Kashmir

Precious Kashmir 23/01/2021

As govt lifts ban on poultry import in J&K, Avian Influenza confirmed in crows, migratory birds in Kashmir

Precious Kashmir 23/01/2021

CASO underway in Natipora

Precious Kashmir 22/01/2021

DAK urges doctors to prescribe generic drugs

Precious Kashmir 22/01/2021

India’s top-notch businessman, Anil Amabani arrives Srinagar

Precious Kashmir 22/01/2021

Grenade hurled towards police party in Kishtwar

Precious Kashmir 22/01/2021

Elderly man killed in Kulgam road accident

Precious Kashmir 22/01/2021

55-yr-old man killed during scuffle in Sopore

Precious Kashmir 22/01/2021

Two Bandipora youth held for executing Bank ATM Guard’s murder in Jammu

Precious Kashmir 22/01/2021

LATEST UPDATES

LoC Skirmish In Rajouri: Injured Soldier Dies

Precious Kashmir 24/01/2021

Pahalgam, Gulmarg Freeze As Mercury Increases Elsewhere In Kashmir

Precious Kashmir 24/01/2021

Two Kupwara youth found dead in stranded vehicle on Sgr—Jmu national highway

Precious Kashmir 24/01/2021

Air traffic resumes at Srinagar airport

Precious Kashmir 24/01/2021

Highway closed; air traffic delayed, to resume soon

Precious Kashmir 24/01/2021

ACB team seizes documents of a shopping complex owned by a top official

Precious Kashmir 23/01/2021

Authorities seal medical shop, ask police to investigate story behind alleged ‘fake’ doctor

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway To Remain Closed Tomorrow

Precious Kashmir 23/01/2021

Police solve Solina Srinagar hit and run case

Precious Kashmir 23/01/2021

SDM Uri, PSOs have a close shave

Precious Kashmir 23/01/2021

Vaccinate teachers, staff before reopening schools: DAK to authorities

United News Of India 23/01/2021

Amid snowfall, fellow Muslim villagers shoulder body of a Kashmiri Pandit stuck in ambulance in Shopian

Precious Kashmir 23/01/2021

BSF detects longest infiltration tunnel along IB in Hiranagar sector

Precious Kashmir 23/01/2021

Militant hideout busted in Poonch Mandi

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway Closed Amid Snowfall

Precious Kashmir 23/01/2021

Three injured as vehicle Overturns in Boniyar

Precious Kashmir 23/01/2021

Fresh snowfall brings respite from severe cold spell in Kashmir

Precious Kashmir 23/01/2021

As govt lifts ban on poultry import in J&K, Avian Influenza confirmed in crows, migratory birds in Kashmir

Precious Kashmir 23/01/2021

CASO underway in Natipora

Precious Kashmir 22/01/2021

DAK urges doctors to prescribe generic drugs

Precious Kashmir 22/01/2021

India’s top-notch businessman, Anil Amabani arrives Srinagar

Precious Kashmir 22/01/2021

Grenade hurled towards police party in Kishtwar

Precious Kashmir 22/01/2021

Elderly man killed in Kulgam road accident

Precious Kashmir 22/01/2021

55-yr-old man killed during scuffle in Sopore

Precious Kashmir 22/01/2021

Two Bandipora youth held for executing Bank ATM Guard’s murder in Jammu

Precious Kashmir 22/01/2021
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Monday, January 25, 2021
PRECIOUS KASHMIR
No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper
Precious Kashmir
No Result
View All Result
Home Front

Administrative Council clears 850 MW Ratle Hydroelectric Project

Precious Kashmir by Precious Kashmir
28/11/2020
in Front
3 min read
0

 

Rs 5300 cr project to be executed in joint Venture

 

Precious Kashmir News
Jammu, Nov 27: In a significant decision the J&K Administrative Council in its meeting here today approved the proposal for development of 850 MW Rattle Hydroelectric Project in  Joint Venture Mode by NHPC and JKSPDC.  The Rs 5300 crore project would be executed by a new Joint Venture Company-Jammu Hydroelectric Power Corporation Limited to be formed between the JK Power Development Corporation (JKPDC) and the National Hydroelectric Power Corporation (NHPC). The equity contribution of JKPDC in the company pegged at Rs. 776.44 crore will be provided as grant from the Government of India.

Today’s decisions will pave the way for an early beginning of work on the project. All the clearances for the project are already in place; hence the project is expected to be completed within 36 months of the start of work.  With the equity contribution of J&K being made available as a grant and with the project being executed in JV mode, the project would be a major developmental and financial benefit to J&K which would benefit from sale of power as well employment opportunities and other developmental benefits arising out of the project.

The Administrative Council also approved the exemptions to the project in order to make it viable. However, the accord of exemptions has also been restricted to the bare minimum necessary to obtaining viability of the project. Accordingly exemption of the UT’s share of free power (12%) from the project was approved in a decremental manner only. The AC also ordered that the share of free power will be restored to the normal quota of 12% from the 12th year onwards.  Approval for waiver of water usage charges (WUC) for the project for a period of 10 years from the first year of Commercial operation (CoD) of the Project as well as reimbursement of SGST by the Union Territory of Jammu and Kashmir for all supplies to the project was also accorded.

The Administrative Council also approved signing of the Supplementary MoU between JKPDD, Government of Union Territory of J&K and JKSPDCL with NHPC Limited for implementation of the project. The supplementary MoU would supplement and modify some of the provisions of the original MoU signed on Feb 3, 2019.

It may be recalled that although a Memorandum of Understanding (MoU) had been signed among J&K Power Development Department, J&K State Power Development Corporation Limited and NHPC Limited on 3rd Feb, 2019 regarding the execution of the project in JV mode, yet the matter had remained pending due to a rethinking to execute the project on 100% ownership basis by NHPC instead of already agreed Joint Venture mode. The Government of J&K had been consistently arguing for execution of the work in the JV mode as agreed in the Feb 2109 MoU. Finally, the contention of the Govt of J&K was accepted and the Public Investment Board (PIB) in its meeting held last month recommended execution of project in JV mode.

J&K has over 20,000 MW of hydro power potential, out of which 16000 MW has been identified. While the 1000 MW Pakal Dul project and 624 MW Kiru are already under execution by Chenab Valley Power Project Private Limited (CVPPL), a Joint Venture of JKSPDC, NHPC and PTC India limited, the 540 MW Kwar is likely to be taken up shortly. Today’s decision regarding  execution of 850 MW Ratle by Jammu Hydroelectric Power Corporation Limited- a JV to be formed between NHPC and JKPDC will ensure that over 3000 MW additional generating capacity will be available to supplement the demand-supply position in J&K and boost the overall economy of the UT.

 

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to print (Opens in new window)

Related

Precious Kashmir

Precious Kashmir

LATEST UPDATES

LoC Skirmish In Rajouri: Injured Soldier Dies

Precious Kashmir 24/01/2021

Pahalgam, Gulmarg Freeze As Mercury Increases Elsewhere In Kashmir

Precious Kashmir 24/01/2021

Two Kupwara youth found dead in stranded vehicle on Sgr—Jmu national highway

Precious Kashmir 24/01/2021

Air traffic resumes at Srinagar airport

Precious Kashmir 24/01/2021

Highway closed; air traffic delayed, to resume soon

Precious Kashmir 24/01/2021

ACB team seizes documents of a shopping complex owned by a top official

Precious Kashmir 23/01/2021

Authorities seal medical shop, ask police to investigate story behind alleged ‘fake’ doctor

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway To Remain Closed Tomorrow

Precious Kashmir 23/01/2021

Police solve Solina Srinagar hit and run case

Precious Kashmir 23/01/2021

SDM Uri, PSOs have a close shave

Precious Kashmir 23/01/2021

Vaccinate teachers, staff before reopening schools: DAK to authorities

United News Of India 23/01/2021

Amid snowfall, fellow Muslim villagers shoulder body of a Kashmiri Pandit stuck in ambulance in Shopian

Precious Kashmir 23/01/2021

BSF detects longest infiltration tunnel along IB in Hiranagar sector

Precious Kashmir 23/01/2021

Militant hideout busted in Poonch Mandi

Precious Kashmir 23/01/2021

Jammu-Srinagar Highway Closed Amid Snowfall

Precious Kashmir 23/01/2021

Three injured as vehicle Overturns in Boniyar

Precious Kashmir 23/01/2021

Fresh snowfall brings respite from severe cold spell in Kashmir

Precious Kashmir 23/01/2021

As govt lifts ban on poultry import in J&K, Avian Influenza confirmed in crows, migratory birds in Kashmir

Precious Kashmir 23/01/2021

CASO underway in Natipora

Precious Kashmir 22/01/2021

DAK urges doctors to prescribe generic drugs

Precious Kashmir 22/01/2021

India’s top-notch businessman, Anil Amabani arrives Srinagar

Precious Kashmir 22/01/2021

Grenade hurled towards police party in Kishtwar

Precious Kashmir 22/01/2021

Elderly man killed in Kulgam road accident

Precious Kashmir 22/01/2021

55-yr-old man killed during scuffle in Sopore

Precious Kashmir 22/01/2021

Two Bandipora youth held for executing Bank ATM Guard’s murder in Jammu

Precious Kashmir 22/01/2021
Precious Kashmir

Copyright © 2020 Precious Kashmir.

Navigate Site

  • Home
  • About Us
  • Contact Us
  • Advertise with Us
  • Terms of Service

Follow Us

No Result
View All Result
  • Home
  • Front
  • Jammu & Kashmir
    • City
  • Anchor stories
  • Business
  • Sports
  • National
  • World
  • Opinion
    • Edit
    • Interviews
    • Letters
  • epaper

Copyright © 2020 Precious Kashmir.