Kashmir Mumbai/UNI: NHPC Limited has signed a Supplementary Memorandum of Understanding (MoU) with Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL) and Power Development Department, Govt. of UT of Jammu & Kashmir on January 3, 2021 for implementation of Ratle HE Project (850 MW) in Union Territory of Jammu & Kashmir through a Joint Venture Company (JVC).
In the supplementary MoU, the clause of MoU dated Febuary 3, 2019 regarding purchase of NHPCs equity by JKSPDCL from the end of the 5th year after date of commissioning over 15 years through equal instalments have been deleted.
Now, the share of NHPC Limited in the Joint Venture Company shall not be brought below 51 pc and share of JKSPDCL shall not be brought below 49 pc.
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