Moserbaer deposits first payment for Himachal projectAugust 27th, 2008 - 9:26 pm ICT by IANS
Shimla, Aug 27 (IANS) Technology company Moserbaer Projects Pvt Ltd Wednesday paid the Himachal Pradesh government a part of the premium for executing the 144 MW Gondhla hydro power project in the state.Company’s chief executive officer Awadh B. Giri presented Chief Minister Prem Kumar Dhumal with a draft for Rs.43.92 crore (Rs.439 million) as 50 percent of the total premium, an official statement said.
The project will be set up in the Lahaul Valley on the Chandra river, a tributary of the Chenab.
Dhumal said the state government has decided to allot every project above 5 MW through open bidding to attract big players.
Local entrepreneurs were being encouraged to take up projects of between 2 MW and 5 MW generation capacity.
Moserbaer’s Giri said a power project of this size required an investment of over Rs.1,000-crore (Rs.10-billion).
“The project will be completed within five years, and provide direct employment to more than 400 people,” he said.
Meanwhile, the government is still undecided about the fate of the first-ever power project allotted through open bidding to Brakel Corp NV of the Netherlands.
Last year, the Bharatiya Janata Party (BJP) - then in the opposition but now in power - had petitioned the governor, seeking a Central Bureau of Investigation (CBI) probe into the Brakel contract.
But when it came to power this January, the BJP awarded the same project to Brakel, which made an upfront payment of Rs.1.95 billion along with interest.
Subsequently, it issued the company two show-cause notices - the last one in July - asking it to explain why the allotment of the Thopan-Powari-Jangi hydro power project in Kinnaur district, 300 km from here, should not be cancelled.
The notice cited vigilance probes, which had raised serious doubts about the capabilities of the company to execute the project that requires an investment of more than Rs.4,000 crore or Rs.40 billion.
Brakel in its reply this month expressed surprise over various issues raised by the government despite it having clarified its credentials a number of times.
Regarding one of the government’s objections to its decision to transfer 49 percent equity in the company to the Gujarat-based Adani Power Ltd without its approval, Brakel said Adani would be made a partner only after the government’s approval.
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- Dhumal details loss due to delay in hydropower project - Dec 08, 2010
- Himachal wants to re-allot hydro-power project to Brakel - Jul 25, 2010
- Himachal penalises Dutch firm Rs.280 cr for project delay - Dec 05, 2009
- Himachal court cancels allotment of hydropower project to Brakel - Oct 07, 2009
- Court notice to Himachal government over power project - Mar 17, 2010
- L&T gets hydropower project in Himachal - Jan 07, 2011
- Himachal Pradesh to issue show-cause notice to Brakel - Oct 22, 2009
- Probe demanded into Himachal hydropower project contract - Oct 09, 2009
- Brakel gets more time to respond to Reliance Energy's petition - Mar 31, 2009
- Himachal signs power project agreement with Brakel - Apr 09, 2009
- Hydropower firms owe Rs.264 crore to Himachal government - Aug 28, 2012
- Himachal Pradesh invites Brakel to sign power project agreement - Nov 30, 2008
- Brakel executives meet Himachal official over controversial project - Oct 05, 2008