Kundan Green Energy has announced its mandate to embark on the development of a greenfield hydropower plant located at Okhali in Uttarakhand. This project was awarded to Kundan Green Energy by the government, in recognition of the company’s consistent track record of executing hydropower projects to best-in-class standards, within committed timeframes, and delivering optimal results. Scheduled for completion by 2028, the Okhali project is set to generate 42 MW of power initially, with a future potential for expansion to 60 MW. This substantial addition to the state’s renewable energy generation capacity underscores Kundan Green Energy’s commitment to sustainable energy solutions.
Upon commissioning, the Okhali project will elevate Kundan Green Energy’s combined hydropower capacity to 270 MW, a significant increase from the current 104 MW. Additionally, with an additional 24 MW under construction at Rally Chu in Sikkim, the company is poised for substantial growth in the renewable energy sector. The Okhali project is part of Kundan Green Energy’s larger commitment to add a total of 80 MW through greenfield projects to Uttarakhand’s hydropower generation capacity, involving an investment of Rs 1000 crore as per an agreement signed late last year.
Udit Garg, Director & CEO of Kundan Green Energy, highlighted the significance of hydropower as a versatile and ideal source of green energy. He emphasised the complexity, long-term nature, and capital-intensive aspects of hydropower projects, while also acknowledging Uttarakhand’s vast untapped potential in this sector. Kundan Green Energy aims to develop hydropower projects in Uttarakhand based on international benchmarks.
Garg further emphasised the company’s exceptional execution capabilities, noting that while the industry average for commissioning plants is 8-10 years, Kundan Green Energy consistently achieves this milestone within a mere 4-5 years, including for greenfield projects. This underscores the company’s commitment to efficiency and excellence in project execution.
