NEW DELHI, Jan 4: A statement said that Ratle Hydro Power Corp., in the Union Territory of Jammu & Kashmir, has reached an agreement with Rajasthan Urja Vikas and IT Services Ltd. to supply electricity from its 850 MW power plant in Kishtwar. According to a statement from the power ministry, the state-owned NHPC Ltd and the Jammu and Kashmir State Power Development Corporation (JKSPDC) are partners in the Ratle Hydro Electric Power Corporation Ltd (RHPCL). The statement claims that the agreement was signed for the off take of power for 40 years from the project’s commercial operation date and in accordance with the Ministry of Power’s notification of power allocation.According to a statement, RHPCL has signed a Power Purchase Agreement (PPA) with Rajasthan Urja Vikas and IT Services Ltd. to purchase power produced by the 850 MW Ratle Hydroelectric Project in Kishtwar, Jammu & Kashmir. On Wednesday, the PPA was signed in Jaipur, Rajasthan Urja Vikas, senior officers from RHPCL, and IT Services Ltd.
