New Launch25 Apr 2025, 12:58 pm
Patel Engineering Wins Rs. 718 Crore Hydroelectric Project Contract from NEEPCO
AI Summary
Patel Engineering Ltd. has been declared the lowest bidder (L1) for a Rs. 718 crore (including tax) contract for the 240 MW HEO Hydro Electric Project located in Arunachal Pradesh from NEEPCO. The project, expected to generate 1,000 million units (MU) of energy annually, aims to improve power supply in the state and contribute to the balancing of the national grid. The project is to be completed in a period of 44 months. Patel Engineering Ltd., established in 1949, has a strong presence in hydropower, tunnelling and irrigation segments and has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling for clients which are mostly central PSUs or state government organizations.
Key Highlights
- Patel Engineering declared L1 for a Rs. 718 crore contract for 240 MW Hydro Electric Project from NEEPCO.
- Project to generate 1,000 million units (MU) of energy annually and improve power supply in Arunachal Pradesh.
- Project aims to contribute to the balancing of the national grid and is to be completed in 44 months.
- Patel Engineering has a strong presence in hydropower, tunnelling and irrigation segments.
- Company has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling.