RP-Sanjiv Goenka Group flagship company CESC Ltd has taken over two hydroelectric power projects of India Bulls Group in Arunachal Pradesh, with an aggregate capacity of 146 mega watt.
The company said in a statement to the Bombay Stock Exchange that it has acquired Pachi Hydro Power Projects Ltd and Papu Hydropower Projects Ltd, both belonging to India Bulls Group. Pachi Hydro is a special-purpose vehicle established to undertake the 56 MW Phangchung Hydro Electricity Project in East Kameng district, Arunachal Pradesh.
The 90 MW Papu Hydro Electricity Power Project is also located in East Kameng district, Arunachal Pradesh.
CESC already has a 90 MW hydel power project in Arunachal Pradesh in West Sian district.
The project is under development and will be built across Siom River near village Jarong. This is part of the firm’s plans to increase its presence in renewable sector.