Videocon to set up hydropower plant in Uttarakhand

Thursday, 29 May 2008, 07:00 Hrs
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New Delhi: The Videocon group is planning to set up a 1,000 MW hydropower plant in Uttarakhand, a top company official said here Thursday.

"The project will be started with an investment of 60 billion ($1.4 billion). The company is looking out for potential partners and planning to rope in a US company for this purpose. However, the investment can go up," Videocon group chairman Venugopal N. Dhoot said.

He was speaking to reporters on the sidelines of a business meeting organised by the Associated Chambers of Commerce and Industry of India (Assocham).

Asked on the commissioning of the project, Dhoot said: "Just wait for further developments. We are talking to many partners in the US. If anything is finalised, we will divulge the details.”
Source: IANS
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