Baldev S Chauhan / New Delhi/ Shimla Oct 02, 2009, 00:28 IST
Himachal Pradesh-based Satlej Jal Vidyut Nigam Ltd (SJVNL) will build a Rs 9,000-crore hydel project in Manipur along with the National Hydroelectric Power Corporation (NHPC).
SJVNL and NHPC were invited after North Easter n Electric Power Corporation was not able to build the 1,500-Mw Tipaimuk hydropower project owing to lack of expertise.
SJVNL sources said the company (SJVNL) would hold 26 per cent equity in the Tipaimuk project while NHPC would have a 69 per cent equity in the mammoth project to be built on the confluence of the Barak and Tuivai rivers.
The Manipur government will hold the rest of 5 per cent equity.
The project will be executed on debt-equity ratio basis. SJVNL alone will have to invest Rs 700 crore. It will have six generating units and will take 12 years to complete.
In 2004, SJVNL built the country’s 1500-Mw Nathpa Jhakri hydel project in Himachal Pradesh. The company now runs this project, currently, the largest in the country.
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