GE Energy Financial Services India has invested US$43 million into Indian company Gati Infrastructure Private Limited for the development of hydropower projects in northeastern India, HydroWorld.com has learned.
Established to help alleviate India’s energy shortage, Gati Infrastructure is currently developing three hydropower plants in the state of Sikkim.
“Sikkim is a growing economy in the northeast with average rainfall higher than in several other Himalayan states,” Gati Infrastructure founder Mahendra Agarwal said.
Included are the 110-MW Chuzachen (also spelled “Chujachen”), 54-MW Bhasmey and 71-MW Sada Mangder hydroelectric projects.
The Chuzachen plant was commissioned earlier this year.
“With glacial melt and the perennial rivers, Sikkim has a peak potential capacity of 8,000 MW of hydroelectric power,” Agarwal said.