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Major boost for 4 hydro projects worth INR 45,000 crore

Power News - Published on Fri, 15 Feb 2019

Image Source: UrjaKhabar
Economic Times reported that government expects a big push to hydropower sector having received clearances for four projects worth about INR 45,000 crore. Last week, the project investment board (PIB) of finance ministry recommended NHPC’s INR 28,000 crore Dibang project and a proposal to acquire and complete Lanco Infratech’s Teesta VI project worth nearly INR 5,400 crore.

NHPC bagged the 500-mw Teesta hydro power plant under insolvency proceedings for INR 907 crore. The project will require further investments of about INR 4,500 crore for completion and will now be put before the Union cabinet for approval. NHPC has installed generation capacity of 7071 mw and another 3800 mw under construction.

“The hydropower sector was almost written off due to the delays and languishing of the projects. The recent developments will revive investments in the sector.

While bigger PSUs are shying away from bidding in insolvency court, NHPC, a miniratna company with limited financial autonomy, has set precedence,” said a government official.

The National Green Tribunal had in its judgment on November 13 dismissed an appeal filed by appellant Pradip Kumar Bhuyan against the government for granting environment clearance to the project.

Source :

Posted By : Rabi Wangkhem on Fri, 15 Feb 2019
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