Larsen & Toubro and Patel Engineering are likely
to form a joint venture to execute small hydropower projects in various states.
L&T has executed hydropower projects in Bhutan,
while Patel Engineering has been very active in civil construction work on
several hydropower projects in India.
The proposed joint venture is keen on bidding for
the Parbati Hydropower project (Stage III) in Himachal Pradesh. L&T is keen on
developing power projects of capacity between 100 MW and 500 MW, on BOT basis.
L&T eventually plans to enter the hydropower sector as an independent power
producer, it is learnt.
According to rough estimates, state governments
have invited tenders for around 700 small hydropower projects all over India.