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India Procurement News Notice - 78638


Procurement News Notice

PNN 78638
Work Detail Kundan Green Energy announced the commissioning of its new 10-megawatt (MW) hydropower plant in Luni, Himachal Pradesh, on Thursday. The project, which cost approximately ?75 crore, was awarded in September 2022 and reflects Kundan Green Energy’s commitment to executing hydropower projects with best-in-class standards, timely delivery, and optimal outcomes, according to a press release. With the addition of the Luni hydropower plant, Kundan Green Energys total operational hydropower capacity now reaches 85 MW. The company, which also operates solar and wind-based generation projects, boasts a total commissioned capacity of 120.5 MW. The company and its subsidiaries currently manage four hydropower plants in Sikkim, with three additional facilities under construction that will feature larger capacities. "We are delighted to present the Luni HEP project to the country, having commissioned it in a record 24 months. This achievement highlights our commitment to speed, quality, technology, and teamwork, benchmarked to the world’s best," said Udit Garg, Director & CEO of Kundan Green Energy. In addition to the Luni plant, Kundan Green Energy recently received a mandate from Uttarakhand to develop a greenfield hydropower project in Okhali. Expected to be completed by 2028, this project will generate 42 MW of power, with potential expansion to 60 MW in the future. This initiative is part of a larger plan to add a total of 80 MW to Uttarakhand’s hydropower generation capacity, with an investment of ?1,000 crore as per an agreement signed late last year. Moreover, the company plans to develop another greenfield hydropower plant in Rellichu, Sikkim. Announced earlier this year, this project is set to generate 21 MW of power and significantly contribute to Sikkim’s energy and developmental agenda upon its completion in 2026.
Country India , Southern Asia
Industry Energy & Power
Entry Date 04 Oct 2024
Source https://newsonprojects.com/news/kundan-green-energy-increases-hydropower-capacity-to-85-mw-with-new-plant-in-luni

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