Gati Infrastructure has built its first and largest hydro-power project in the private sector in Sikkim, the north east of India. Gati Infrastructure is an energy generating firm Mahendra Agarwal, Founder and CEO of – Gati Limited, India's pioneer and leader in express distribution and supply chain solution. GE invested Rs 257 crore in the hydro-power project through a share subscription agreement.
The 110 megawatt Chuzachen hydro-electric project in East Sikkim harnesses the water flow from the rivers Rangpo and Rongli, in a run-of-river design, with turbines and generators supplied by Alstom India. Built at a cost of Rs 1,188 Crore, the project is the first one of this magnitude, under private ownership, in the north east of India. IDFC is the lead financier, with a loan at the project level.
The company opted Sikkim for the hydel project as the state Sikkim is a growing economy in the north east with average rainfall higher than in several other Himalayan States. With glacial melt and the perennial rivers, Sikkim has a peak potential capacity of 8,000 megawatts of hydro-electric power.