Cabinet clears Ratle Hydroelectric project; LG says will create 4000 jobs

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Lieutenant Governor, Manoj Sinha on Wednesday announced the approval of the Ratle Hydroelectric Project cleared by the Union Cabinet chaired by the Prime Minister, Narendra Modi.

Terming it as a historical decision for making Jammu and Kashmir power surplus UT, the Lt Governor thanked Prime Minister Narendra Modi for approving the much awaited 850 MW Ratle Hydroelectric Project in J-K at an investment of 5282 Crore rupees and ensuring the unprecedented development of J-K.

Mentioning the “lackluster” approach of the earlier Governments towards the execution of this important Hydroelectric Power Project, the Lt Governor said that J-r was deprived of this mega project for so long because the previous regimes were scared to move ahead due to Pakistan’s threats of going to an international court for arbitration, and making representation in the World Bank.

But, he said, today the nation is under the strong and decisive leadership of Prime Minister Narendra Modi, who is taking bold decisions for the welfare of the people of J-K and has ensured that this project sees the light of the day, besides also providing equity contribution support to the J-K are unlocking J-K’s potential to be self-reliant in the energy sector within a short span of time”, the Lt Governor remarked.

Highlighting the key features of the mega project, the Lt Governor said that apart from making J-K energy sufficient, the project will create 4000 jobs in J-K, directly & indirectly, and will contribute to the overall socio-economic development of J-K. In addition, the Kwar project (540 MW) has been decided to be taken up. This will result in an investment of 4,264 Crore rupees and create more than 2000 jobs in J-K, he added.

The Lt Governor observed that four more projects (Kirthai-II (930MW), Sawalkot (1,856MW), Uri-I (Stage-II) (240MW) and Dulhasti (Stage-II) (258MW) involving an investment of 31,000 Crore rupees have also been decided to be taken up for construction. These projects together with the two ongoing projects of Pakaldul (1000 MW) and Kiru (624MW) on Chenab river and its tributaries will result in an investment of about 52,821 Crore rupees and create more than 12000 jobs.

To train the local people, the Ministry of Power / Ministry of Skill Development proposes to set up training centres near the project sites in collaboration with NHPC Ltd, so that they can be employed in the projects, observed the Lt Governor.

Since independence up to the year 2018, projects of only around 3500 MW had been set up in J-K. Against this, our Government has taken up projects with a capacity of 6300 MW to be set up in the UT in the next five years. This is double the installed capacity set-up since independence, he added.

This will make UT of J-K self-reliant in power; lead to faster growth and development of UT of J-K and create a minimum of 12000 jobs directly and indirectly. Such large scale investment has never happened in the past, the Lt Governor maintained. (GNS)

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