Kundan Green Energy announced its mandate to develop a greenfield hydropower plant at Okhali in the state of Uttarakhand. The Government awarded the project to Kundan Green Energy in continuation of the company’s consistently demonstrated record of executing hydropower projects on best-in-class standards, committed time-frames and optimal results. To be completed in 2028, the project will generate 42 MW of power (with a future potential to expand this to 60 MW), adding very substantially to the state’s renewable energy generation. Once commissioned, the Okhali project will take the combined hydropower capacities of Kundan Green Energy to 270 MW from the present 104 MW {+ an additional 24 MW at the under construction at Rally Chu in Sikkim}. The Okhali project is part of the larger mandate to add a total of 80 MW through greenfield projects to Uttarakhand’s hydropower generation capacity at an investment of INR 1000 crore by Kundan Green Energy, per an agreement signed late last year.
“The most versatile and best suited source of green energy, hydropower is also complex, long haul and capital intensive. The state of Uttarakhand has very vast untapped potential in hydropower, which we are working to develop based on international benchmarks”, said Udit Garg, Director & CEO, Kundan Green Energy.
“A strong and growing presence notwithstanding, the company’s salient strength is execution excellence while the industry average in commissioning plants is 8-10 years, Kundan Green Energy’s mean average, including greenfield plants is a mere 4-5 years” he added.
