Traders Oppose Joint Venture On Ratle Hydropower Project


Traders Oppose Joint Venture On Ratle Hydropower Project

The J&K Socio-Economic Coordination Committee (JKSECC), an amalgam of 27 civil society and trade bodies, on Wednesday objected to the announcement of a joint venture on the Ratle Hydroelectric Power Project in the recent State Administrative Council (SAC) meeting.

“We want to make the public aware about the sinister designs of the present regime to gift away yet another hydroelectric power project to some unknown Central public sector undertakings (PSUs) clandestinely under ‘joint venture’ on terms and conditions that have not been revealed. The SAC has accorded sanction to the formation of a separate joint venture company to develop 850 MW Ratle Hydroelectric Power Project on the Chenab basin. The joint venture company is intended to be set up by the J&K State Power Development Corporation (JKSPDC) in partnership with an undisclosed central PSU,” a statement issued after a JKSECC press conference said. Read more

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