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L&T bags Rs 500 crore project in Uttaranchal

Larsen and Toubro Ltd said it has bagged the development rights for the Rs 500 crore Singoli Bhatwari Hydroelectric Power Project.

india Updated: May 24, 2006 13:49 IST

Engineering and construction major Larsen and Toubro Ltd (L&T) on Wednesday 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 m high and 80 m 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 rain fall.

"Hydro projects would be one of the thrust areas for L&T, and such projects give us the opportunity for taking up challenging construction and engineering works. We are also evaluating similar project opportunities in other states," company Executive Director and Head, Construction division, KV Rangaswami said.

First Published: May 24, 2006 13:49 IST