Shah, one of the senior most members of the cabinet, also said the COVID-19 vaccination drive is progressing well and once everyone is vaccinated, "we will attain victory over the pandemic".
The Centre will provide a grant of Rs 776.44 crore to JKSPDCL for its equity contribution in the venture. NHPC will invest its Rs 808.14-crore equity from its internal resources. Secunderabad-based GVK Industries was earlier awarded the project development contract for the Ratle hydro plant and JKSPDCL had signed a power purchase agreement (PPA) with the company in June, 2010.
