The Hindu Business Line : APGenco bags Sikkim contract

ANDHRA Pradesh Power Generation Corporation Ltd (APGenco) has won the operation and maintenance contract (O&M) for the 1200-megawatt (MW) Teesta Stage III Hydro Electric Power Project in Sikkim.

APGenco, in association with Athena Power Projects Pvt Ltd (a consortia consisting of Athena Power Projects, PTC, Larsen & Toubro Ltd, Infrastructure Leasing and Financial Services and ICICI Securities), has bagged the rights for project development with the Government of Sikkim as a 26 per cent equity partner.

APGenco will be the sole O&M contractor for 35 years from the date of commercial operations of the project. It will also participate in equity in the project, once the techno-economic feasibility is known as per terms of the APGenco Board, said Mr Ajay Jain, its Managing Director.

APGenco has also received offers for O&M and equity participation for Rolep (36 MW), Ralong (48 MW) and Chakung Chu (63 MW) projects in Sikkim. It has also some gas-based projects in South India under examination.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Tata Motors unveils `crossover' at Geneva

P&G Hygiene to pay royalty to parent co

ONGC Videsh bags Syrian oil block contract

APGenco bags Sikkim contract

Dwarikesh Sugar plans FCCB issue to raise $25 m

Award for silk carpet exports

ICAI council: Govt move to have more nominees rejected

Partnership firms will have to file I-T returns

Citigroup arm picks up stake in Abhishek Industries

Ashok Leyland mulls plant in North India

First Global Compact meet from March 8

JCT Electronics: BIFR asks creditor bank to submit dues statement

Tata Steel to plead for status quo in rail freight

New models rev up sales of Bajaj Auto sales by 25 pc

Hero Honda sales up 9 pc in Feb

Budget hopes slow Maruti sales in Feb

Behuria takes over as IOC Chairman