Hindustan Construction Co on 8 August 2006 announced the winning of a Rs.248 crore contract associated with NTPC's upcoming Loharinag Pala hydropower project in Uttaranchal. The contract, involving construction of a barrage and de-silting chamber, is expected to be executed within 40 months.

NTPC in August 2005 invited bids (international competitive mode) for the above package. Bidding closed on 2 December 2005 after an extension in the original closing date of 18 October 2005. Bids for the hydro-mechanical package, invited in February 2006, are yet to be finalized.

The Loharinag Pala envisages setting up of 600 MW (4x150 MW) hydropower plant across River Bhagirathi, a tributary of river Ganga, in Uttarkashi district of Uttaranchal. Located about 190 km from Rishikesh, the project is estimated to cost Rs.2,418 crore. The project is estimated to generate 2,508 million kwh of electricity in a 90 per cent dependable year.

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