RPower bags 5 hydel projects in Himachal

In what could significantly raise Reliance Power's profile as a hydropower generator, the private power company has bagged five projects in the state of Himachal Pradesh.

Written by Noor Mohammad

March 22, 2011 02:45 IST

In what could significantly raise Reliance Power’s profile as a hydropower generator, the private power company has bagged five projects in the state of Himachal Pradesh.

The company is already in the process of developing seven hydro projects worth 4,600 mw capacity in the states of Arunachal Pradesh and Uttarakhand. With the new projects, the company’s hydro portfolio reaches 5,300 mw. This is the first time the company has entered Himachal’s hydro sector.

Reliance Power was selected as developer for these projects in bidding held by the state government recently. Bids were appraised on the basis of additional free power offered by developers. The projects bagged by Reliance in Himachal are 300 mw Purthi, 130 mw Sumte Kothang, 104 mw Lara Sumta, 94 mw Teling and 44 mw Shangling. The company will build and operate these projects for 40 years before handing them over to the state government. Of the company’s existing hydro portfolio, as much as 4,200 mw capacity is in Arunachal Pradesh while the rest is in Uttarakhand.

This article was first uploaded on March twenty-two, twenty eleven, at forty-five minutes past two in the night.