India, 5th March 2024: Kundan Green Energy today announced its mandate to develop a greenfield hydropower plant at Rellichu in Sikkim. The Government of Sikkim has awarded the project to Kundan Green Energy in continuation of the company’s record of executing hydropower projects on best-in-class standards, committed time-frames and optimal results. To be completed in 2026, the Rellichu hydropower project will generate 21 MW of power and add very substantially to Sikkim’s energy and developmental agenda. Once commissioned, the Rellichu project will take the combined hydropower capacities of Kundan Green Energy to 125 MW from the present 104 MW.
Speaking on the occasion, Mr. Udit Garg, Director, Kundan Green Energy said “The Northeast accounts for 40% of India’s hydropower potential. Of this, Sikkim’s hydropower potential is assessed at 8000 MW peak with a firm base of 3000 MW. With as many as 29 approved hydropower projects in various stages of development, and a 55 MW small hydropower installed capacity, Sikkim has vast potential to generate hydroelectricity. We are enthused to partner with the Government of Sikkim to realize the state’s hydropower potential along best practices.” With four operating projects totaling 35 MW (which are being enhanced in capacities), in the state of Sikkim at Lower Lagyap, Meyong Chu, Kalex Khola, and Rabum Chu, besides two upcoming projects at Lower Meyong Chu and New Meyong Chu, Kundan Green Energy is a major energy partner to the state of Sikkim. A strong and growing presence notwithstanding, the company’s salient strength is execution excellence —- while the industry average in commissioning plants is 8-10 years, Kundan Green Energy’s mean average, including greenfield plants is a mere 4-5 years.
About Kundan Green Energy
A wholly owned subsidiary of the Kundan Group (www.kundangroup.com), Kundan Green Energy (www.kundangreenenergy.com) is committed to incremental contributions in consistently generating sustainable green energy alternatives through optimal efficiencies in materials, techniques, systems and processes. Embedded in sustainability, since 2017 we play a growing role in India’s transition away from fossil fuels towards sustainable green energy. Our purpose lies in clean, affordable, reliable power which ensures sustainability, scalability, and synergistic operability of energy delivery. At our core lies a practised belief in respect for Nature and commitment to all life.
Amongst India’s leading power traders and one of the few brokers as Category II Inter-State Trading Licensee from the Central Electricity Regulatory Commission (CERC) we collaborate with electricity boards and discoms to deliver a comprehensive suite of trading services spanning short-term, medium-term, and long-term open access arrangements.
These enable seamless power exchanges for both sale and purchase. Within this play, we deliver management of portfolios for a wide array of stakeholders. Our services include portfolio management for discoms, generators, and users in industry and commerce. We have a growing expertise in optimal power allocation, consumption, and distribution models which create a perfect equilibrium between supply and demand. We operate in concert with IEX and the REC.