Patel Engineering Ltd. of India announced February 10 it plans to bid to develop independent hydropower projects on a build-operate-transfer basis.
“We have been contractors for a number of hydel projects and see this as a move in the right direction,” Patel Managing Director Rupen Patel said. “Further, with the government pushing power sector reforms and encouraging private players, the gestation period for power plants has come down significantly.”
Patel said it would bid for mid-sized projects of 100 to 500 MW in India’s northern and northeastern regions.
In January, National Hydroelectric Power Corp. awarded a consortium of Patel and Larsen &Toubro a 4.39 billion rupee (US$95.9 million) contract for civil construction of the 520-MW Parbati 3 project on the Sainj River in Himachal Pradesh State. (HNN 11/21/05)