RusHydro to design a 3.8 GW hydropower project in India

The facility will have installed capacity of 3,750 MW and is regarded by the Indian government as a high priority national project.

RusHydro International India, a Russian-Indian joint-venture, will act as operator of the project. The surveying and design will take up to 24 months. RusHydro also plans to participate in the tender for construction of the project. The total cost is estimated at USD 16 bn. The Indian side acts as investor in the project.

Earlier, RusHydro International AG (in cooperation with RusHydro’s Institute Hydroproject) has won the tender for feasibility study for the plant. When completed, the plant will become second largest hydropower plant in Asia after Three Gorges Dam in China.

George Rizhinashvili, Deputy Chairman of the Management Board of RusHydro, commented: “The project is very important not only for RusHydro, but for all of Russia. This is an important step for the country in returning to the Asia-Pacific and strengthening position in the region. Our partner, NEEPCO, is one of the largest state-run economic player in the North-West of India, which gives RusHydro access to the region with the highest hydro potential in the country. We intend to take a leading position in India’s power engineering in broader sense of the term. We also believe that the project should pave the way for other Russian companies to this promising region”.

RusHydro International was incorporated in 2010 as part of implementation of RusHydro’s Strategic plan providing for development of international projects. RusHydro International is 100% owned by RudsHydro and acts as operator of RusHydro’s international projects, including in South-East Asia.