Hydro project on the Chenab approved
POWER & RENEWABLE ENERGY

Hydro project on the Chenab approved

Last week, the Union Cabinet approved an investment of Rs 5,281 crore for the 850 MW Ratle Hydropower Project on the Chenab river in Kishtwar district of Jammu and Kashmir (J&K).

The Centre will have a 51% stake in the project through a joint venture between Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) and National Hydroelectric Power Corporation (NHPC).

JKSPDC will hold a 49% share in the project. NHPC will invest Rs 808 crore generated from the power PSU's internal resources. The Ratle Hydroelectric Project is scheduled to be commissioned within 60 months.

As per an official statement, the Government of India (GoI) is also supporting the Union Territory (UT) of J&K by providing a grant of Rs 776 crore for an equity contribution of JKSPDC in the joint venture company (JVC). The power generated from the project will help provide balance to the grid and improve the power supply position.

As we have reported, the government plans to speed up hydro-electric power projects in J&K following UT status.

In order to make the project financially viable, the J&K government will extend the exemption from levy of water usage charges for 10 years after commissioning of the project, reimbursement of state's share of GST (SGST) and waiver of free power to J&K in a decremental manner. The free power to the Union Territory would be 1% in the first year after commissioning the project and increase at the rate of 1% per year to 12% in the 12th year, said the statement.

Also read: Mega hydro power projects to come up in J&K

Last week, the Union Cabinet approved an investment of Rs 5,281 crore for the 850 MW Ratle Hydropower Project on the Chenab river in Kishtwar district of Jammu and Kashmir (J&K). The Centre will have a 51% stake in the project through a joint venture between Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) and National Hydroelectric Power Corporation (NHPC). JKSPDC will hold a 49% share in the project. NHPC will invest Rs 808 crore generated from the power PSU's internal resources. The Ratle Hydroelectric Project is scheduled to be commissioned within 60 months. As per an official statement, the Government of India (GoI) is also supporting the Union Territory (UT) of J&K by providing a grant of Rs 776 crore for an equity contribution of JKSPDC in the joint venture company (JVC). The power generated from the project will help provide balance to the grid and improve the power supply position. As we have reported, the government plans to speed up hydro-electric power projects in J&K following UT status. In order to make the project financially viable, the J&K government will extend the exemption from levy of water usage charges for 10 years after commissioning of the project, reimbursement of state's share of GST (SGST) and waiver of free power to J&K in a decremental manner. The free power to the Union Territory would be 1% in the first year after commissioning the project and increase at the rate of 1% per year to 12% in the 12th year, said the statement. Also read: Mega hydro power projects to come up in J&K

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement