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. |