L&T bags Rs 500-cr power project in Uttaranchal

Engineering and construction major Larsen and Toubro Ltd (L&T) today said it has bagged the development rights for the Rs 500 crore Singoli Bhatwari hydroelectric power project from the Uttaranchal government.

The company's maiden 60 Mw hydroelectric project built via the public private partnership model, would be executed by on build-own-operate and transfer (boot) basis, L&T informed the Bombay Stock Exchange.

The company would develop, finance, construct, commission and operate the power plant located at Rudraprayag in Uttaranchal for a concession period of 45 years, it said.

The project involves design and construction of a 20 metre high and 80 metre long barrage, 12 km long headrace tunnel, surface powerhouse, substation and a 12 km long 132 Kv transmission line.

Turbines would be used to generate 361 million units of energy in a year with 90 per cent rainfall.

"Hydro projects would be one of the thrust areas for L&T. We are also evaluating similar project opportunities in other states," executive director and head, construction division, KV Rangaswami said.