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L&T bags first hydropower project on BOOT basis

Wednesday, 24 May 2006
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Larsen & Toubro Ltd on 23 May 2006 bagged the development rights for the 60 MW Singoli Bhatwari Hydroelectric Power Project from the Government of Uttaranchal, amidst competition from other Indian bidders.

L&T will develop the project, valued at Rs.500 crore, on BOOT basis with a concession period of 45 years (including construction period.) The project is located in Rudraprayag district of Uttaranchal on Mandakini River, a tributary of the Ganga.

Although the company has executed several hydropower projects in the past as a contractor, this is L&T's maiden entry as a project developer.

The project involves design and construction of a 20m high and 80m long barrage, 12 km headrace tunnel, surface powerhouse, substation and a 12 km long 132 kV transmission line. Francis turbines will be used to generate 361 million units of energy in a 90 per cent dependable year.

The detailed project report is under preparation and the project development and implementation agreement will soon be signed with the Uttaranchal government. 

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