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Last Updated : Feb 09, 2016 03:55 PM IST | Source: PTI

Jindal Power, GMR ask NHPC to take over hydro projs or form JV

A hydro power project being executed by GMR in Himachal Pradesh has also been offered to NHPC on ownership basis.

 
 
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JSPL's arm Jindal Power has approached NHPC asking it to either take over its 5,397 MW hydro power projects worth about Rs 37,779 crore or form joint ventures.


A hydro power project being executed by GMR in Himachal Pradesh has also been offered to NHPC on ownership basis.


Jindal Power approached NHPC for its three projects in Arunachal Pradesh- 1,800 MW Kamala HEP (earlier known as Subansiri Middle project), 3097 MW Etalin Hydroelectric Project (HEP) and 500 MW Attunli Hydroelectric Project.

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"A representative from Jindal (Power) approached us and they offered Subansiri Middle, Etalin and Attunli either to take over or in joint venture. They approached us either in December or in January," NHPC Chairman and Managing Director K M Singh said in an exclusive interview to PTI.


While Etalin Project is being executed through the Etalin Hydro Electric Power Co Ltd, a JV of Jindal Power and Hydro Power Development Corporation of Arunachal Pradesh, Kamala Project is executed by Kamala Hydro Electric Power Co Ltd, in which Jindal Power holds 74 percent and the Arunachal Pradesh government undertaking holds 26 percent.


"We are ready to take over but the question is cost. If the project's cost as on date is viable then certainly NHPC is ready to take over either on ownership basis or in joint venture with NHPC having the major stakeholding," Singh said.


Attunli Hydroelectric Project is being executed through Attunli Hydro Electric Power Co Ltd, a JV of Jindal Power (74 percent) and Hydro Power Development Corporation of Arunachal Pradesh Ltd (26 percent).


A hydro power project in Himachal Pradesh being executed by GMR has also been offered to NHPC on ownership basis, Singh said.


The cost of installing one megawatt (MW) capacity in a hydroelectric project is around Rs 7 crore, Singh said.


"Other than that, in Madhya Pradesh, Maheshwar (hydel project) has been offered to NHPC. NHPC has conveyed its acceptance only for consulting basis, not as ownership basis.

We are ready to help to commission the project on chargeable basis," the CMD said.

First Published on Feb 9, 2016 03:48 pm
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