Kishtwar's Ratle Hydro-Electric Power Project granted Rs 5282 Cr investment

NewsBharati    21-Jan-2021 14:55:03 PM
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Jammu, Jan 21: Union Cabinet has approved the investment of over Rs 5200 crorecfor 850 MW Ratle Hydro Electric Project located on river Chenab, in Jammu and Kashmir's Kishtwar. The project will be a new Joint Venture Company (JVC) of National Hydroelectric Power Corporation (NHPC) and the Jammu and Kashmir State Power Development Corporation Ltd (JKSPDC) with equity contribution of 51 per cent and 49 per cent respectively.

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Government is also supporting the UT of J&K by providing grant of Rs 776.44 crore for equity contribution of JKSPDC in the JVC, that is to be set up for construction of Ratle HE Project. The Ratle Hydro Electric Project is to be commissioned within 60 months. The Power generated from the Project will help in providing balance of grid and will improve the power supply position. It will be located between the downstream of the 390MW Dulhasti project and upstream of 450MW Baglihar project. The construction activities of the Project will provide direct and indirect employment to around 4000 persons and will contribute immensely in the overall socio-economic development of Jammu and Kashmir.
 
 
The project is being developed by GVK Ratle Hydro Electric Project, a unit of GVK Power and an independent power producer (IPP). The construction of the dam started in June 2013, with the first power generation expected in 2018. It is estimated that the plant will generate 3136.77 GWh of energy in a 90 per cent hydrological-dependable year. It is expected to reduce CO2 emissions by 2.85 Mt a year from the atmosphere.
 
 
Ratle is the first hydropower project in India to be awarded on a tariff-based international competitive bidding (ICB) process. The bid was won by GVK Developmental Projects (GVKDPPL), who are to further develop the project on a build, own, operate and transfer (BOOT) basis. A special purpose vehicle (SPV) named GVK Ratle Hydro Electric Power Project was formed for the development. GVK will return the project ownership to Jammu and Kashmir state after 35 years of operation. 
 
 
The 11kV power generated initially at the plant is to be increased to 400kV by unit step-transformers. This will then be transmitted to Powergrid’s 400kV Kishenpur substation using two 400kV transmission lines. One line will be interconnected with the existing Kishtwar substation.