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Union Budget 2022 will boost the Development of Hydropower in J&K – EQ Mag Pro

Union Budget 2022 will boost the Development of Hydropower in J&K – EQ Mag Pro

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Ratle and Kiru are being implemented by NHPC’s Joint venture companies, Ratle Hydroelectric Power Corporation Ltd. and Chenab Valley Power Projects Pvt. Ltd. (CVPPPL) respectively.

New Delhi: In a significant step towards boosting renewable energy projects in J&K, in the Union Budget 2022, an allocation of Rs. 476.44 crore has been made as grants towards equity for 800 MW Ratle Hydroelectric Project and Rs. 130 crore as grants towards equity for 624 MW Kiru Hydroelectric Project. It will boost energy transition and fight against climate change.

Ratle and Kiru are being implemented by NHPC’s Joint venture companies, Ratle Hydroelectric Power Corporation Ltd. and Chenab Valley Power Projects Pvt. Ltd. (CVPPPL) respectively.

Kiru Hydro Electric Project (624 MW) is proposed on River Chenab, located in Kishtwar district of the Jammu & Kashmir. The project is envisaged as a Run of River Scheme. Ratle HE Project is a run-of-the-river project proposed on the river Chenab in district Kisthwar of Union Territory of Jammu & Kashmir. Ratle Project will generate annual energy of 3136.76 MUs

Source: psuconnect

Anand Gupta Editor - EQ Int'l Media Network