Indian power company NHPC has incorporated a joint venture with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) to implement the 850MW Ratle hydroelectric project on the River Chenab in the Union Territory of Jammu and Kashmir.

The JV will be majority owned by NHPC with 51%, with JKSPDC taking the remaining 49%. 

Ratle will feature a 133m high concrete dam and a main underground powerhouse featuring 4x205MW units. A surface powerhouse near the dam toe will house a further 30MW unit.