GMR group wins bid to implement Holi Bajoli hydro electric project

30 June 2007

Bangalore: The GMR group has received the bid for implementing the 180-mega watt (MW) Holi Bajoli Hydro Electric Project, across the river Ravi in Himachal Pradesh.
Industry sources said the company won the project against stiff competition from qualified bidders that included, Reliance Energy, Jaiprakash Hydropower Ltd, Lanco, Moser-Baer India, Torrent-Gammon Consortium, and engineering major Larsen and Toubro Ltd.

About 18 bidders had pitched for the project for the request for qualification floated by the HP State Electricity Board and only 13 bidders were technically qualified for the request for proposal.

Once financial closure is completed the project is expected to go into commercial operations in 2014, the sources said.

The tentative project cost is estimated at Rs1,050 crore. A final estimate would be made only after finalisation of the detailed project report, the sources added.

Sources said based on the current flow pattern of the river, the power generation from the project would be at least 664 million units a year.

The sources said that the GMR group would have a concession of 40 years from the date of commercial operations.