Kundan Green Energy to develop 42 MW hydropower plant in Uttarakhand

Government awards project to the company’ enhancing renewable energy capacity and accelerating the state’s development agenda.

Kundan Green Energy has announced today its mandate to develop a greenfield hydropower plant at Okhali in the state of Uttarakhand. The Government has awarded the project to Kundan Green Energy, recognising the company’s consistently demonstrated record of executing hydropower projects to best-in-class standards, within committed timeframes, and with optimal results. The project, slated for completion in 2028, will generate 42 MW of power initially, with the potential to expand to 60 MW in the future, significantly augmenting the state’s renewable energy generation capacity. Once commissioned, the Okhali project will increase Kundan Green Energy’s combined hydropower capacity to 270 MW, up from the current 104 MW, with an additional 24 MW under construction at Rally Chu in Sikkim. This project at Okhali is part of a larger initiative aimed at adding a total of 80 MW through greenfield projects to Uttarakhand’s hydropower generation capacity. Kundan Green Energy has committed an investment of INR 1000 crore toward this endeavor, as 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.