On April 29, 2024, Kundan Green Energy announced its mandate to develop a greenfield hydropower plant at Okhali in Uttarakhand. The government awarded the project to Kundan Green Energy due to the company’s consistent track record of executing hydropower projects to best-in-class standards, meeting committed time-frames and delivering optimal results. Scheduled for completion in 2028, the project will generate 42 MW of power (with a future potential to expand this to 60 MW), significantly enhancing the state’s renewable energy generation capacity.
Once commissioned, the Okhali project will increase the combined hydropower capacities of Kundan Green Energy to 270 MW from the current 104 MW (and an additional 24 MW under construction at Rally Chu in Sikkim). The Okhali project is part of Kundan Green Energy’s larger mandate to add 80 MW of greenfield projects to Uttarakhand’s hydropower generation capacity at an investment of Rs 10 billion, as per an agreement signed in late 2023.