J&K has over 20,000 MW of hydropower potential, out of which 16,000 MW has been identified. With the PIB decision, J&K would have moved another step closer to harnessing nearly 2,500 MW of this potential. Jammu: The Public Investment Board (PIB) has recommended that the 850-MW Ratle hydroelectric power project be developed through a joint venture company of the JK Power Development Corporation and the National Hydroelectric Power Corporation, an official spokesperson said. The PIB, in the Union Ministry of Finance, has also recommended an investment approval for Rs 5,281.94 crore for the project, including an infusion of equity of Rs 808.14 crore by NHPC in the JVC, the spokesperson said.

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