+ Font Resize -

96 MW Jorethang Hydro Electric Power project (Jorethang HEP) on the Rangit River near Jorethang town in south/west district of Sikkim is progressing well and is scheduled to be commissioned in June 2012. Rs 625 crore project is being implemented by DANS Energy Pvt. Ltd (DEPL) on BOOT basis. DEPL is promoted by Energy Innovations Limited, Sew Infrastructure Limited and DANS Energy Consulting Private Limited.

The entire debt portion of Rs.468.8 cr has already been tied up. The balance Rs.156.3 cr is to be contributed in form of equity capital to be brought in by the promoters. All the necessary approvals/clearances have been received for the project. A total cost of Rs.309.33 cr has already been incurred on the project till March 31, 2011. The Power Purchase Agreement for the sale of power from the project has not been signed yet. However, it is expected to be signed six months before COD as per the conditions of the sanction.

Printer-Friendly Version E-mail This Article