Patel Engineering consortium lowest bidder for 1,000 MW hydel project

A consortium of Patel Engineering, Turkey's Limak and state-owned BHEL has emerged as the lowest bidder for a 1,000 MW hydel project in Jammu & Kashmir.

The 1,000 MW Pakal Dul hydro electric project, having four units of 250 MW, is located in Doda district of J&K.

Four parties participated in the bidding process and the consortium comprising the company, Limak and BHEL quoted lowest price of Rs 8,904 crore, Patel Engineering said in a statement today.

"Bids quoted by Samsung-Coastal-Alstom, Impregilo-Gammon JV and Soma-Song Da-Power Machines were much higher," the statement said.

Chenab Valley Power Projects Pvt Ltd -- a joint venture floated by NHPC, JKSPDC (J&K State Power Development Corp) and PTC India -- had invited tenders for implementing the project.

"The project consists of over 160 metre high concrete faced rock-fill dam, large size 20 kilometre of head race tunnel by TBM and underground power house. BHEL shall design, manufacture and commission 4 x 250 MW francis turbine generator units," the statement said.

In the project, NHPC and JKSPDC would have 49% stake each while PTC India would hold the remaining shareholding.

Patel Engineering also said it has bagged new construction projects worth Rs 1,110 crore.

"The new projects include the Rs 473.31 crore EPC contract and allied construction work for the 37.5 MW Parnai hydro electric project of JKSPDC," it added.

EDITORIAL OF THE DAY

  • Finance ministry must stand its ground on lower EPF interest rate

    In quick succession, yet another controversy is brewing with regard to affairs of the employees provident fund organisation (EPFO).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Sanskrit: a victim of academic schizophrenia

J Robert Oppenheimer, the father of the atomic bomb and ...

Zehra Naqvi

God save the child

Childhood is supposed to be the best phase in life. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture