"The 110 megawatt Chuzachen hydro-electric project in East Sikkim harnesses water flow from rivers Rangpo and Rongli, with turbines and generators supplied by Alstom India. The project built at a cost of Rs 1,188 crore is the first one of this magnitude under private ownership," the company said in a statement issued here.
It said that GE Energy Financial Services India has invested Rs 257 crore in the project through a share subscription agreement. "Sikkim is a growing economy in the North East, with average rainfall higher than in several other Himalayan states. With glacial melt and perennial rivers, Sikkim has a peak potential capacity of 8,000 megawatts of hydro-electric power," Gati Infrastructure promoter Mahendra Agarwal said.
The project was comissioned in May this year and IDFC is the lead financier, with a loan at the project level, the company said.
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