Dutch power firm to invest $ 1B in Himachal Pradesh

By agencies   |   Friday, 18 February 2005, 08:00 Hrs
Printer Print Email Email
SHIMLA:A top Dutch power firm wants to invest $1 billion in the hydro-power sector in Himachal Pradesh and tap the huge hydel reserve in the pristine Himalayan state.

"Brakel Corporation (of Holland) is keen to take up a 1,000-MW project under the supervision of hydel power companies from Europe and the US," said Dean Gesterkamp, director of the firm, after meeting Chief Minister Virbhadra Singh.

"Of course, we would be keen in equity participation in these hydel projects," he said.

"The state government welcomes investment in the hydel power sector so that its potential can be exploited soon," said Singh.

"Several international companies have approached the state with investment proposals for the tourism and industrial sectors also," Singh said.

GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..