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Gati Infra sets up Rs 1,118-crore hydro power project in Sikkim

Project, built at a cost of Rs 1,118 crore, will harness water flow from Rangpo, Rongli rivers

Gati Infrastructure Private Limited (GIPL), a Hyderabad-based company focused on generating non-carbon power, has commissioned a 110-Mw hydro-electric power project in the northeastern state of Sikkim. The project, built at a cost of Rs 1,118 crore, will harness the water flow from Rangpo and Rongli rivers in Sikkim through run-of-river design with turbines and generators supplied by Alstom India Limited. While IDFC was the lead financier with a loan at the project level, Hyderabad-based Capital Fortunes was the adviser and sole arranger in respect of this transaction. GE Energy ...