Jammu and Kashmir:Cabinet approves investment of over Rs 5200 crore for 850 MegaWatt Hydro Power Project

Union Cabinet clears amendment to Insurance Act for raising FDI to 74%

The Union Cabinet has given its approval for the investment of over Rs 5200 crore for 850 megawatt Ratle Hydro Electric (HE) Project located on Chenab river in Kishtwar in Jammu and Kashmir.

This will be a new Joint Venture Company (JVC) of National Hydroelectric Power Corporation (NHPC) and Jammu with equity contribution of 51 per cent and Kashmir State Power Development Corporation Ltd (JKSPDC) with 49 per cent.

The Government is also supporting the Union Territory of Jammu and Kashmir by providing a grant of Rs 776.44 crore for Equity contribution of JKSPDC in the JVC to be set up for construction of Ratle HE Project. The Ratle Hydro Electric Project shall be commissioned within 60 months. The Power generated from the Project will help in providing balancing of Grid and will improve the power supply position.  

read more at https://taxconcept.net/national-news/lok-sabha-passes-jammu-and-kashmir-official-languages-bill-2020/

read more at https://taxconcept.net/national-news/parliament-passes-jk-official-languages-bill-2020/

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