The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Greenko to Add Six New Hydel Projects in India's North

Indian renewable energy owner and operator Greenko has added six new run-of-river hydroelectric plants to its development pipeline, HydroWorld.com has learned.

Funding for the projects will come in large part from the Government of Singapore Investment Corporation (GIC), which announced that it will invest approximately US$150 million into the project via Greenko's Mauritius division.

The six hydel plants will have a cumulative installed capacity of 425 MW and will be spread across India's Himachal Pradesh and Arunachal Pradesh -- both of which have attracted a number of interest from hydro developers in recent months.

Greenko (LSE: GKO) said its two new Himachal Pradesh projects will be located in the Chamba District on a tributary of the Ravi River. The plants will have a combined installed capacity of 115 MW.

Meanwhile, the four to be located in Arunachal Pradesh will be located on a perennial tributary of the Tato River in the West Siang District. This area is particularly attractive, according to Greenko, as Arunachal is one of India's most mountainous states due to much of it being containing the Himalayas. Greenko said these four projects will combine for 310 MW of installed capacity.

Work on all the projects is expected to begin in 2013, and is part of the company's effort to have an operational capacity of about 2,000 MW of power generated by renewable sources by 2018.

"We are pleased to announce the addition of 425 MW to our northern hydro projects, with expansion in Himachal Pradesh and the addition of Arunachal Pradesh, secure in the knowledge that we have the technical capability to deliver them and now the financial fire power, thanks to the equity investment by GIC," Greenko CEO Anil Chalamalasetty said.

Already, Greenko operates 11 run-of-river plants in Himachal with 71 Mw of combined installed capacity, with another 33.6 MW to come from two plants currently under construction. Also included in Greeko's portfolio are 94.25 MW-worth of hydro power produced by five plants in Karnataka, with an additional 58 MW to come from three projects being constructed. The company is also building a 96 MW project in Sikkim.

Untitled Document

RELATED ARTICLES

Global Renewable Energy Roundup: China, Kenya, Turkey, India Seeking More Renewables

Bloomberg News Editors China is being encouraged by three industry groups to double the nation’s solar-power goal for 2020 to make up for sh...

With Vast Amounts of Geothermal, Wind and Hydropower, Why No Solar In New Zealand?

James Ellsmoor, Contributor New Zealand has built an international brand on environmentalism and the great outdoors. So it is unsurprising that t...

HydroEvent.com launches for HydroVision International 2016

Gregory B. Poindexter HydroEvent.com, the one-stop location for all things related to the world’s largest hydro event, is up and running fo...

Italy's ERG Power Generation acquires 527 MW of hydroelectric power from E.ON

Michael Harris German utility E.ON has agreed to sell its 527 MW Terni hydroelectric power complex to Genoa-based ERG Power Generati...

PRESS RELEASES

Intersolar AWARD „Solar Projects in India“ – Applications being accepted until September 18

The Intersolar AWARD in the category Solar Projects in India honors projects in the fie...

OFS Announces Commercial Availability of InvisiLight® MDU Optical Solution for Multiple Dwelling Units

OFS, a leading-edge designer, manufacturer and supplier of innovative fiber optic netwo...

New local energy partnership brings innovative solar tracker to Washington State

A new partnership will bring the innovative AllEarth Solar Tracker solar electric syste...

30 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 30 days to go to t...

FEATURED BLOGS

Cronimet / THEnergy study: In solar for mines size does not always matter - Reducing CAPEX with energy efficiency and load shifting

Munich, September 2015. Mining companies are constantly gaining interest in solar solutions because frequently solar ...

Final Program Now Available for GRC Annual Meeting & GEA Geothermal Energy Expo

GRC Annual Meeting & GEA Geothermal Energy Expo - Final Program from

Vacancy? No Problem!

Have you ever tried to sell an efficiency product or service to a prospect that owns or manages a building with high ...

Shedding Some Light on a Taxing Situation for Community-Shared Solar

For renters and for property owners with inadequate roof space, the many benefits of solar electricity may seem out o...

FINANCIAL NEWS

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Intersolar North America 2016

Exhibition: July 12 - 14, 2016; Conference: July 11 - 13, 2016 Intersola...

ees North America 2016

Exhibition: July 12 - 14, 2016; Conference: July 11 - 13, 2016 ees North...

Intersolar Europe 2016

Exhibition: June 22-24, 2016; Conference: June 21-22, 2016 Intersolar Eu...

COMPANY BLOGS

Less Is More

When you’re giving a presentation, one of the easiest things to do...

Captivology

One of the biggest challenges we face as efficiency sales professionals ...

How To Optimize Your Meeting Schedule

Do you spend more time in meetings than you do actually working? While m...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS