Infrastructure major Hindustan Construction Company (HCC) today said it has bagged contract worth Rs 1,843 crore, in a joint venture with Alstom, from THDC India to construct Tehri Pumped Storage Plant in Tehri, Uttarakhand.
"This is an engineering, procurement and construction (EPC) contract wherein HCC's share is Rs 701 crore. The project is to be completed in 54 months," the company said in a statement.
It added that the scope of work involves construction of head race tunnel, surge shaft, penstocks, underground powerhouse, bus bar gallery and cavern, and tail race tunnel among others.
Tehri Pump Storage project (TMSP) comprises of four reversible pump turbine units of 250 MW each and after completion, additional generation capacity of 1,000 MW will be added to the Northern Region, the statement added.
The operation of TMSP is based on the concept of recycling of water discharged between upper reservoir and lower reservoir, in which Tehri dam reservoir will function as the upper reservoir, while Koteshwar reservoir would work as the lower balancing reservoir.
According to HCC, it has constructed over 25% of country's hydel power generation capacity, including several projects in the challenging Himalayan region.
This includes the Head Race Tunnel and Surge Shaft for India's largest commissioned power generation project, the Nathpa Jhakri Hydro Electric Project (1500MW), and the Underground Powerhouse & Tunnel for the Chamera Hydro Electric Power Project, Stage I.
The company is currently executing 14 hydro-electric power projects, including four in Jammu & Kashmir, three in Himachal Pradesh, two in Bhutan and one each in Uttarakhand, Sikkim, West Bengal, Arunachal Pradesh and Maharashtra, the statement said.
Scrips of the company were trading at Rs 30.10 a piece on the Bombay Stock Exchange at 1400 hours, up 1.69% from previous close.