Russia-India hydro venture studies India projects

Moscow-based RusSUNHydro Ltd. has formed an agreement with Tojo Vikas International Pvt. Ltd. of India to study hydropower projects in India’s Himachal Pradesh State.

RusSUNHydro, a joint venture of Russian hydropower generator HydroOGK and India business and investment company Sun Group, said it was considering participating in a tendering process for a number of hydropower sites offered by Himachal Pradesh. (HNN 6/11/07)

Himachal Pradesh currently is seeking bids to develop 17 hydroelectric projects in two solicitations. (HNN 4/4/08)

RusSUNHydro Managing Director Sergey Pavlenko said the company plans to evaluate project sites in Himachal Pradesh that have significant hydropower potential. Project power is to supply regions of India with an electricity deficiency.

Tojo Vikas is to help prepare preliminary research for investigation and preparation of project documents.

HydroOGK and Sun signed an agreement in 2007 to collaborate on hydropower development in India, and possibly in Russia. RusSUNHydro said it also is looking at project development in Nepal. (HNN 9/13/07)

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