NHPC Ltd. announced that Union Cabinet on January 20, 2021 has given its approval for the investment of INR 52819.4 million for 850 MW Ratle Hydro Electric Project located on river Chenab in Kistwar district of Union Territory of Jammu & Kashmir, by a new Joint Venture Company (JVC) to be incorporated between NHPC Limited and Jammu & Kashmir State Power Development Corporation.