September 06, 2008

Shyam Energy to contractor for WB hydro project in April

Projects Today reported that Shyam Energy Limited is likely to finalize the contractor for the electromechanical works at its 6 MW Chel II hydroelectric power project in West Bengal sometime in April 2008. At present, the tendering process for the project is under way.

Bids from contractors for the design, manufacturing, supply, erection, testing and commissioning were invited in August 2007 and around 6 entities responded to the tenders in January 2008. The proposed three 2 MW power projects will entail an investment of around INR 50 crore.

Shyam Energy has already signed a power purchase agreement with West Bengal State Electricity Board. Work on the project is likely to commence by June 2008 and full completion of the project is expected by 2009.

Shyam Energy is also planning to set up a 6 MW hydroelectric power plant at Garubathan in Darjeeling for which New Delhi based Dr Hutarew & Partner India is the consultant.