AState-owned hydropower giant NHPC will form a joint venture with JKSPDCL, 'Ratle Hydroelectric Power Corporation Ltd', to implement a 850-megawatt (MW) hydroelectric project in Chenab river basin. "A promoters agreement has been signed on April 13, 2021, between NHPC Ltd, Jammu & Kashmir State Power Development Corporation Ltd (JKSPDCL) and the Government of Union Territory of Jammu and Kashmir," according to a BSE filing.
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