Kundan Green Energy gets 21 MW hydropower project in Sikkim
The Rellichu hydropower project will generate 21 MW of power and add very substantially to Sikkim's energy and developmental agenda.
Kundan Green Energy on Tuesday said it has secured a contract from the Sikkim government to set up a hydropower project of 21 MW at Rellichu. The company aims to complete the project by 2026, Kundan Green Energy said in a statement.
The Rellichu hydropower project will generate 21 MW of power and add very substantially to Sikkim's energy and developmental agenda. The project will take the combined hydropower capacities of Kundan Green Energy to 125 MW from the present 104 MW.
Udit Garg, Director, Kundan Green Energy said, "The Northeast accounts for 40 per cent of India's hydropower potential. Of this, Sikkim's hydropower potential is assessed at 8,000 MW peak with a firm base of 3,000 MW. With as many as 29 approved hydropower projects in various stages of development, and a 55 MW small hydropower installed capacity, Sikkim has vast potential to generate hydroelectricity." The company did not provide any financial details of the project.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Flexi Cap Mutual Funds With up to 52% SIP Return in 1 Year: Rs 20,000 monthly SIP investment in No. 1 fund has generated Rs 3.02 lakh; know about others too
Rs 55 lakh Home Loan vs Rs 55 lakh SIP investment: Which can be faster route to arrange money for Rs 61 lakh home? Know here
Latest FD Rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-year, 3-year and 5-year fixed deposits
01:28 PM IST