Patel Engineering Signs ₹1,700 Crore Hydropower MOU with Arunachal Pradesh
Patel Engineering Ltd has officially signed an MOU with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project worth ₹1,700 crores. The project will be implemented under a BOOT model with a 40-year lease period and is expected to be completed in 4 years, marking the first project revived under the state's hydropower restoration policy.
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Patel Engineering Ltd has officially signed a Memorandum of Understanding (MOU) with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng District. This strategic partnership represents a significant milestone in advancing clean energy infrastructure in India's Northeast region.
Project Specifications
The Gongri Hydroelectric Project, located near Dirang town on the Gongri river (a tributary of the Bichom river in the Kameng basin), was previously terminated but has now been revived under the Arunachal Pradesh Restoration of Terminated Large Hydropower Policy under Special Circumstances, 2025.
| Parameter | Details |
|---|---|
| Project Name | Gongri Hydropower Project |
| Capacity | 144 MW |
| Project Value | ₹1,700.00 crores |
| Expected Duration | 4 years |
| Location | West Kameng District, Arunachal Pradesh |
| Implementation Model | BOOT (Build-Own-Operate-Transfer) |
| Lease Period | 40 years |
Comprehensive Project Scope
Under the MOU, Patel Engineering will undertake the complete lifecycle of the project, which includes preparing and validating the Detailed Project Report (DPR), designing and engineering the hydroelectric system, and procuring all necessary electro-mechanical equipment. The scope also covers construction of the dam, powerhouse, and associated civil structures, along with installation and commissioning of turbines and generators. Additionally, the project will involve developing transmission infrastructure for grid connectivity and ensuring efficient operation and maintenance post-commissioning.
Strategic Implementation Framework
The project will be implemented on a BOOT (Build-Own-Operate-Transfer) basis for a lease period of 40 years, after which ownership and operational control will be transferred to the Government of Arunachal Pradesh. This framework aligns with Arunachal Pradesh's vision for a "Decade of Hydropower," aimed at making the sector a key contributor to the state's economy.
Management Commentary
Commenting on the development, Managing Director Ms. Kavita Shirvaikar said: "We are proud to partner with the Government of Arunachal Pradesh in reviving the Gongri Hydroelectric Project. This collaboration underscores our commitment to renewable energy and sustainable development. The project will harness the immense hydro potential of the region while ensuring socio-economic benefits for local communities."
Company Background
Patel Engineering Ltd is a 76-year company established in 1949 with a strong presence in hydropower, tunneling and irrigation segments. The company has a consistent track record in execution of projects in both domestic and international arena, having completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunneling for clients which are mostly central PSUs or state government organizations.
Historical Stock Returns for Patel Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.24% | +2.31% | -6.37% | -19.98% | -41.84% | +135.33% |
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