Jaiprakash Hydro Power Ltd. plans to seek bids during 2008 for turbine-generators for the 2,000-MW Siang Lower hydroelectric project on the Siang River in India’s Arunachal Pradesh State.
Jaiprakash Chief Executive J.N. Gaur said the company has completed a feasibility study for the project and expects to begin the bidding process for eight 250-MW generating units in six to eight months.
“In a year’s time, we will have the turbines,” Gaur told reporters April 4 on the sidelines of a power industry conference.
Gaur said Jaiprakash plans to invest 250 billion rupees (US$6.25 billion) over nine years to set up the project. Arunachal Pradesh State awarded Jaiprakash rights to develop both Siang Lower and the 600-MW Hirong hydroelectric project on the Siyom River on a build-own-operate basis.
“We are taking two projects in Arunachal Pradesh, one of 2,000 MW and another of 600 MW,ï¿½ Gaur said. ï¿½The actual work will begin in two years.”
The funding method for the projects is yet to be decided as well as the financials for the 600-MW project, he said. The Siang Lower investment anticipates a cost-escalation of 5 percent and interest during construction of 12 percent on the actual cost of 160 billion rupees (US$4 billion), Director D.G. Kadkade said.
“The interest cost is high as the project period is long,” he said.
Jaiprakash has a current hydropower capacity of 700 MW, and plans to increase that to 5,000 MW by 2012.
It also is building the 60 billion rupee (US$1.5 billion), 1,200-MW Karcham Wangtoo hydroelectric project on the Satluj River in Himachal Pradesh State. (HNN 12/20/07)
Gaur said Karcham Wangtoo is expected to be completed by mid-2010, with financing from internal accruals. Kadkade said the company has a power-purchase agreement with PTC India for the project.
Jaiprakash also is to develop two hydroelectric projects in Meghalaya State, 270-MW Umngot and 450-MW Kynshi Stage 2, in a joint venture with Meghalaya on a 74 to 26 percent ownership basis.
Kadkade said work on those projects has not begun.