The company is planning to bid for projects in the range of 100-500MW on a build operate and transfer basis, in India’s north and northeastern regions.
Petel Engineering has been a contractor for a number of hydroelectric projects, and is now taking the move towards runing plants itself. The company will reportedly start bidding from 2007.
It has recently won a US$993,500 order for the 520MW Parbati hydro project stage III from the National Hydroelectric Power Corportation in a consortium with Larsen & Toubro.
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