Gammon Infrastructure Projects has
received a LoA from the Himachal Pradesh government for the development of the 261
MW Youngthang Khab hydroelectric power project on the river Spiti in the Kinnaur
district, on BOOT basis.
The project cost to be around Rs.1,510
crore on the basis of current costs, excluding interest costs. The concession
period of the project will be 40 years from the date of commencement of
operations.