Areva T&D India's transmission business, now part of Alstom Grid has been awarded a contract worth INR 22.3 crore from North Eastern Electric Power Corporation Limited for the supply of a switchyard and transformers package for Pare Hydro Electric Project 2x55 MW (110 MW), located in the Papumpare district of Arunachal Pradesh.

With increasing use of renewable sources, India continues to diversify its energy mix, strengthening its transmission system. The country was one of the pioneers in establishing hydro electric power plants with the first dam established at Darjeeling and Shimsha (Shivasamudra) during the last century.

The Pare hydro project will provide a more efficient and dependable supply of electricity. 12% of power generated by the dam will feed directly into the State of Arunachal Pradesh helping to reduce scarcity of power.

(Sourced from Equity Bulls)