: RHPCL, MEIL ink agreement for execution of Ratle project #IndiaNEWS #Todays story Historic move, says LG Excelsior Correspondent JAMMU, Apr 11: Ratle Hydroelectric Power Corporation Limited (RHPCL)

RHPCL, MEIL ink agreement for execution of Ratle project #IndiaNEWS #Todays story
Historic move, says LG
Excelsior Correspondent
JAMMU, Apr 11: Ratle Hydroelectric Power Corporation Limited (RHPCL) and Megha Engineering & Infrastructure Limited (MEIL) today inked a contract agreement for the turnkey execution of 850MW Ratle HEP within a stipulated timeframe.
In presence of Lieutenant Governor Manoj Sinha, the contract agreement was signed between Deepak Saigal, CEO RHPCL and Umamaheswara Reddy, Vice President MEIL at the Convention Centre.
Speaking on the occasion, Sinha termed the signing as a historic move to realize the goal of making J&K self-sufficient in Power sector.
He said that the reformative measures undertaken by the UT Government for execution of the much awaited mega power projects has created the framework for achieving energy sufficiency in J&K.
I express my heartfelt gratitude to PM Narendra Modi for prioritizing the rapid development of J&K with approval of new power projects to address the current power deficit and to meet the needs of UT’s expanding economy, the Lt Governor said.
We have undertaken a large-scale capacity augmentation programme in the power sector resulting in a huge leap in power transmission and distribution capacity. The new power generation projects like Ratle, Pakal Dul, Kiru etc will bridge a major gap in the UT’s electricity requirements, he added.
Noting that the 850 MW Ratle Power Project will provide massive direct and indirect employment opportunities to the local population, Sinha directed the concerned agencies to lay down a comprehensive mechanism for the skilling of the local people which will enable them to avail job opportunities in the execution of the project.
He said that power generation, transmission and distribution sectors are being strengthened and modernized to provide quality and reliable power supply to the people.
Power supply needs of the people have been neglected for seven decades. Despite having the capacity to generate 20,000 MW hydropower, only 3500 MW of electricity was harnessed in 70 years. Now, the generation capacity is set to be doubled in next four years, he added.
J&K is on its way to become power surplus from power deficit through better use of resources, vision and planning. We are finding permanent solutions to all those problems which are hindering the progress of the energy sector, besides upgrading and improving the power infrastructure to ensure energy security for people, the Lt Governor observed.
He stated that J&K fares better than many States/ UTs in terms of power supply to industries. The UT administration was able to achieve the capacity augmentation of up to 231. 5 MVA till December 2021, but in the last three months, it has been increased to 601.

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