Indian state-run energy company SJVN has been allotted two hydropower projects totalling 348 MW by the government of Himachal Pradesh. The 300 MW Bardang site was initially awarded to ABG Energy in 2011, to be built at an estimated cost of INR8.82bn ($124m) in the Lahaul and Spiti district. Meanwhile, the 210 MW Purthi project, which was originally to be built by Shangling Hydro Power at an estimated cost of INR21bn in the Kinnaur district, has been downgraded from its starting size of 138 MW. SJVN acquired both enterprises on a build, own, operate and transfer basis.
Indian state-run energy company SJVN has been allotted two hydropower projects totalling 348 MW by the government of Himachal Pradesh. The 138 MW Bardang site was initially awarded to ABG Energy in 2011, to be built at an estimated cost of INR8.82bn ($124m) in the Lahaul and Spiti district. Meanwhile, the 210 MW Purthi project, which was originally to be built by Shangling Hydro Power at an estimated cost of INR21bn in the Kinnaur district, has been downgraded from its starting size of 300 MW. SJVN acquired both enterprises on a build, own, operate and transfer basis.