RHPCL, MEIL signs pact to execute 850 MW Ratle power project
POWER & RENEWABLE ENERGY

RHPCL, MEIL signs pact to execute 850 MW Ratle power project

Ratle Hydroelectric Power Corporation Limited (RHPCL) and Megha Engineering and Infrastructure Limited (MEIL) signed an agreement for the turnkey execution of the 850 MW Ratle hydel project.

CEO of RHPCL, Deepak Saigal and Vice President, MEIL, Umamaheswara Reddy, signed the contract agreement at the Convention Centre in the presence of Lieutenant Governor Manoj Sinha.

Sinha told the media that the signing was a historic move to realise the goal of making Jammu and Kashmir self-sufficient in the power sector.

He said a large-scale capacity augmentation programme had been undertaken in the power sector resulting in a huge leap in power transmission and distribution capacity. The new power generation projects like Ratle, Pakal Dul, Kiru etc., will bridge the gap in the Union Territories (UT’s) electricity requirements.

The 850 MW Ratle hydel power project will provide massive direct and indirect employment opportunities to the local population. Sinha directed the concerned agencies to lay down a comprehensive mechanism for the skill of the local people, which will provide them opportunities in executing the project.

Sinha said that despite having the capacity to generate 20,000 MW of hydropower, just 3,500 MW of electricity was harnessed in 70 years. The generation capacity will be doubled in the next four years.

Image Source

Also read: MEIL acquires 15 city gas distribution projects in 9 states

Ratle Hydroelectric Power Corporation Limited (RHPCL) and Megha Engineering and Infrastructure Limited (MEIL) signed an agreement for the turnkey execution of the 850 MW Ratle hydel project. CEO of RHPCL, Deepak Saigal and Vice President, MEIL, Umamaheswara Reddy, signed the contract agreement at the Convention Centre in the presence of Lieutenant Governor Manoj Sinha. Sinha told the media that the signing was a historic move to realise the goal of making Jammu and Kashmir self-sufficient in the power sector. He said a large-scale capacity augmentation programme had been undertaken in the power sector resulting in a huge leap in power transmission and distribution capacity. The new power generation projects like Ratle, Pakal Dul, Kiru etc., will bridge the gap in the Union Territories (UT’s) electricity requirements. The 850 MW Ratle hydel power project will provide massive direct and indirect employment opportunities to the local population. Sinha directed the concerned agencies to lay down a comprehensive mechanism for the skill of the local people, which will provide them opportunities in executing the project. Sinha said that despite having the capacity to generate 20,000 MW of hydropower, just 3,500 MW of electricity was harnessed in 70 years. The generation capacity will be doubled in the next four years. Image Source Also read: MEIL acquires 15 city gas distribution projects in 9 states

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code