• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Nov. 9

The recently christened Bhilwara Energy Ltd (BEL), part of LNJ Bhilwara Group, signed a Memorandum of Agreement with the Government of Arunachal Pradesh (GoAP) for Development of three hydropower projects of a total capacity of 290MW.

The proposed projects are to be developed on the river Nyamjung Chhu in the Tawang district of Arunachal Pradesh. The total estimated outlay for the three phases of the Nyamchung HEP are likely to cost the company Rs 1,500-1,700 crore.

As per the agreement, the project has been awarded to BEL on build, operate, own and transfer basis for a period of 40 years. BEL will also provide 12 per cent of the generated power to the GoAP free of cost for the designated period. The land and site required by the company for construction, operation and maintenance of the HEPs will be provided by GoAP on 40-year lease to BEL.

The company plans to furnish the detailed project report for approval to the Government in next 12-15 months and envisages commencement of work on the project by the middle of 2008. It is hopeful of delivering the project by 2011.

More Stories on : New Business | Power

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

Stories in this Section
Novartis signs up with AP for IT cum R&D centre

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line