HCC-Tata Projects JV obtains pumped storage project contract in India [Yahoo! Finance]
Micron Technology, Inc. (MU)
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Source: Yahoo! Finance
The Bhivpuri Off-Stream Open Loop Pumped Storage Project has a capacity of 1,000MW. Tata Projects, an energy, procurement, and construction company, and Tata Power, an integrated power company, form a part of India-based business conglomerate Tata Group. The scope of work for the 50:50 JV includes the civil and hydromechanical components of the project. These encompass the construction of a cofferdam, intake structures, head race tunnels, a penstock, a surge shaft, a powerhouse, and a tail race tunnel. Additionally, the project will involve the creation of a new lower reservoir with a geomembrane facing rockfill dam dam, as well as roads and drains. The contract also extends to the development of necessary infrastructure works, reviews, and the interface of electromechanical works. HCC, an engineering construction company, has developed approximately 26% of India's installed capacity in hydropower. The company is involved in several ongoing domestic hydroelectric projects
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