The Jammu & Kashmir government has
approved the selection of Hindustan Construction Co to execute the 1,200 MW
Sawalkot hydropower project on EPC basis. The EPC contract will be executed by a
consortium of HCC, SPAS of Norway and Ozaltin of Turkey.
The contract, valued at Rs.4,312.5
crore, will be executed over seven and a half years. The share of HCC in the
total contract value is Rs.1,940.63 crore.
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