Patel Engineering Ltd. of India has signed a memorandum of understanding with India’s Arunachal Pradesh State for construction of the 100-MW Gongri hydroelectric project in West Kameng District of Arunachal Pradesh.
Patel said October 15 the project is to be implemented on a build-own-operate-transfer basis for a lease period of 40 years from the commercial operation date.
The state is to receive 12 percent of the project power, free of charge. Expected revenue from the project is expected to be 1.2 billion rupees (US$30.5 million) annually.
�The company is already executing the 600-MW Kameng hydroelectric project for NEEPCO (North Eastern Electric Power Corp.) on cash contract,� Patel Director Ashwin Parmar said. (HNN 1/2/07) �Therefore, logistics will be easily managed and there will be saving in overhead costs as well.�