National Hydroelectric Power Corporation (NHPC) has awarded the contract for supply of electro-mechanical works of 510 MW Teesta Stage-V project in Sikkim to Japan’s Mitsui & Co Ltd.

“The contract price for this package is Rs 2.4bn ($50.2m),” NHPC statement said Friday. Estimated to cost Rs 22bn, Teesta Hydroelectric Project is scheduled to be commissioned by March 2006, NHPC said, adding that the corporation had already awarded all other civil and hydro mechanical contracts for this project to various companies.

NHPC has already commissioned the 60 MW Rangit Project in Sikkim. Teesta Stage-V project is the biggest project to be taken up by NHPC in the state with an identified hydropower potential of about 3000 MW.

The main components of the projects are a 95m high concrete gravity dam, 17.78 km long and 9.5m diameter horseshoe shaped head race tunnel and an underground power house with three units of 170 MW each. NHPC said that work on all the components of the project is going on as per schedule.