Kundan Green Energy said it has secured approvals for setting up a 42 MW hydropower project at Okhali in Uttarakhand.

The Okhali project is part of an agreement with the Uttarakhand government signed last year to develop a total of 80 MW greenfield hydropower capacity in the state at an investment of Rs 1,000 crore, Kundan Green Energy said in a statement.

"Kundan Green Energy receives hydropower (project) mandate of 42 MW to set up a greenfield plant at Okhali in Uttarakhand," the company said.

The project will be completed by 2028. Once commissioned, the Okhali project will take the combined hydropower capacities of the company to 270 MW from the present 104 MW (Megawatt).