Bhilwara Energy on 7 November 2006 won three hydropower projects in Arunachal Pradesh to be developed on BOOT basis. The projects, with aggregate capacity of 290 MW, will be set up along Nyamjung Chuu river in Tawang district of the state. Work is likely to begin by mid-2008 and the overall investment is estimated to be Rs.1,700 crore.

As per the MoU signed with the state government, BEL would develop the project on BOOT basis for a period of 40 years. BEL will supply 12 per cent of the power generated to the Arunachal Pradesh government free of cost. The state government has provided land on a 40-year lease. BEL will make its own arrangements for evacuation and distribution of power from the three projects.

The detailed project report will be submitted to the Arunachal Pradesh government over the next 12-15 months. The three projects will annually generate 1,300 million kwh at 50 per cent PLF.

The LNJ Bhilwara Group in late October 2006 announced the formation of Bhilwara Energy Ltd that will be the principal holding company for all the power ventures by the group. Currently, the group has two companies Malana Hydro Power Ltd and AD Hydro Power Ltd in the power business. The group has set a target of attaining overall power generation capacity of 1,500 MW by 2012, and will invest Rs.7,000 crore towards this.

Also See:

Bhilwara Group plans Rs.7,000 crore capex in power sector (25-Oct-06)