Gati Infrastructure - an energy initiative of Gati, India's pioneer and leader in Express Distribution and Supply Chain Solution is helping to alleviate India's enormous electricity shortage with its first and largest hydro-power project in the private sector, in the north east part of India.
GE Energy Financial Services India has invested Rs 257 crore in the hydro-power project through a share subscription agreement. The 110 megawatt Chuzachen hydro-electric project in East Sikkim harnesses the water flow from the rivers Rangpo and Rongli, in a run-of-river design, with turbines and generators supplied by Alstom India. The project built at a cost of Rs 1188 crore is the first one of this magnitude, under Private Ownership, in the north east of India. lDFC is the lead financier, with a loan at the project level. Capital Fortunes - Hyderabad are the advisors and sole arrangers in respect of this transaction. Commissioned in May of this year the project is operating at steady state.
Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.
