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NHPC inks supplementary MoU with govt of Jammu & Kashmir

Monday, 04 Jan 2021
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NHPC has inked a supplementary memorandum of understanding (MoU) with the Jammu & Kashmir State Power Development Corporation (JKSPDCL) and the Power Development Department.

The MoU has been implemented for execution of Ratle hydroelectric project (850 MW) in the Union Territory of Jammu & Kashmir through a joint venture company (JVC).

In the supplementary MoU, the clause of MoU dated 3 February 2019 regarding purchase of NHPC’s equity of JKSPDCL from the end of the fifth year after date of commissioning over 15 years through equal instalments has been deleted.

Now, the share of NHPC in the JVC will not be brought below 51 percent and share of JKSPDCL will not be brought below 49 percent.


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