Ratle project to generate 850 MW
Environment Ministry approves capacity increase proposal
GK NEWS NETWORK
Jammu, Jan 31: Ministry of Environment and Forests has given a green signal to Ratle Hydro Electric Project Pvt Ltd, a GVK Group company, to increase it power project capacity from 690 MW to 850 MW.
Ratle Hydro Electric Project, to be constructed on Chenab River in Kishwar District of Jammu and Kashmir, is expected to commence operations in the year 2017 and it will provide 16 per cent of its output to the state of Jammu and Kashmir free of any charge.
“After a detailed deliberation, the Committee recommended approval for revision of capacity from 690 MW to 850 MW for the project,” MOEF said in its web site.
“It was suggested that a comparison of muck generated and to be disposed off for 690 MW and 850 MW may be submitted to the Ministry,” it said further.
GVK earlier informed the MOEF that the necessity of revision of installed capacity was mainly due to the revised water flow series approved by Central Water Commission.
Hyderabad based company GVK Power and Infrastructure Ltd had bagged the competitive bid to develop the 690-MW Rattle Hydro Electric Power project in Jammu and Kashmir in 2010.
The project, to cost an investment of around Rs 5,000 crore is to be completed and commissioned by 2017. The project has been allotted by the state government on a build, own, operate and transfer (BOOT) basis for a period of 35 years, following which it will be transferred to the state on the payment of Rs 380 crore.
Being the non-state subject, the company will be allotted the land on lease basis by the state government, which will also provide logistic support to the company.
Lastupdate on : Tue, 31 Jan 2012 21:30:00 Makkah time
Lastupdate on : Tue, 31 Jan 2012 18:30:00 GMT
Lastupdate on : Wed, 1 Feb 2012 00:00:00 IST
- MORE FROM BUSINESS
- January chill pushes up sale of woollens, heating appliances in Valley
- Omar gives nod to ‘Youth Start-up Loan Scheme’
- 11 top officials of JK Bank retire
- NABARD to fund JK farm sector
- Ratle project to generate 850 MW
- Akhoon stresses for energy conservation
- Fireplace sales go hot this winter
- No price hike in mutton, milk: CAPD
- Airtel digital TV launches iKidsworld
- ‘Implement farm programmes to boost agri production’
Shifting of Kashmiri detainees to outside jails
Srinagar, Jan 31: The Chairman of Hurriyat Conference (G) Syed Ali Shah Geelani, who is currently in New Delhi, has called for peaceful protests after Friday prayers on February 3, and complete shutdown More
- Srinagar City
2 dozen mauled in Hawal, HMT; girl critically wounded; Admin reluctant to act against canines
Srinagar, Jan 31: After having broken all previous records of mauling humans in this summer Capital, the stray dogs are on a biting spree, even worse than before. In the latest Tuesday they attacked More
Jammu, Jan 31: After failing to get consent from Governor N N Vohra on the ordinance regarding amendments in Public Safety Act (PSA), the state government has decided to introduce a bill in the forthcoming More