The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved investment of Rs 5,281.94 crore for 850 MW Ratle Hydro Electric (HE) Project located on river Chenab in Kishtwar district of the Union Territory of Jammu and Kashmir, by a new joint venture company (JVC) to be incorporated between the National Hydroelectric Power Corporation (NHPC) and the Jammu & Kashmir State Power Development Corporation (JKSPDC) with equity contribution of 51 percent and 49 percent respectively.
