Madhucon wins Uttarakhand Jal Vidyut Nigam deal

Hyderabad: Madhucon Projects has bagged construction deal from the Uttarakhand Jal Vidyut Nigam for developing three hydro power projects.

As per the deal, Hyderabad-based Madhucon will be operating these projects for a period of 35 years and the detailed project reports are in the process of preparation.

The project will be executed on a build, operate and transfer (BOT) basis, the projects include development of the Agastyamuni, Tilwara-I, and Tilwara-II hydro power projects, with a capacity of 25 Mw each, in the tributary Mandakini of River Alaknanda in Rudrapryag district.

The company has also drawn plans for setting up gas-based power plants in two states and the planning is in advanced stage. The company plans to set up a 5,000-Mw power generating facility within the next five years.