Concurrent (India) Infrastructure has entered in an agreement with Sikkim
Power Development Corporation to set up a 40 MW hydropower station at an
estimated cost of Rs 111 crore.
The company will contribute 51 per cent equity as well as debt in the project
while Sikkim Power will put in the rest.
The project has already incurred expenses of Rs 30 crore on preparation of
DPR, land procurement, construction of approach road, bridge and other civil
works.