Hindustan Construction Company (HCC) has secured two contracts totalling Rs6.23bn ($93.12m) for hydropower projects in Bhutan and India.

HCC will build 118MW Nikachhu hydropower project in Trongsa district of Bhutan, under an engineering, procurement, construction (EPC) contract from Tangsibji Hydro Energy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Rs4.56bn ($68.16m) EPC contract from Tangsibji Hydro will require HCC to complete the project in four years.

It is the company’s second hydroelectric power project on an EPC basis, and its fifth development in Bhutan.

"Having delivered four hydroelectric projects in Bhutan, HCC is committed toward the development of hydropower."

The Nikachhu run-of-the-river scheme project is being funded by Asian Development Bank at debt equity ratio of 65:35.

The company has recently completed 124MW Dagachhu hydroelectric power project on EPC basis in Dagana district of Bhutan.

Valued at around Rs1.67bn ($24.96m), the second order was awarded by Jammu and Kashmir State Power Development Corporation (JKSPDC) for design and construction of a 1,500m-long tunnel in the state.

Expected to be complete in 30 months, the proposed double lane tunnel will serve as the access road to 1,856MW Sawalkote hydroelectric power project.

HCC engineering and construction president and CEO Arun Karambelkar said: "These two order wins reflect the growing confidence in HCC’s capability to execute key projects in the challenging terrain of the Himalayan ranges.

"HCC, having delivered four hydroelectric projects in Bhutan, is committed toward the development of hydropower of Bhutan."

HCC has received orders worth Rs57.78bn ($863.7m) in FY 2015-16 alone.