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NHPC eyes stressed 120 Megawatt Jal Power plant in Sikkim

Power News - Published on Thu, 14 Mar 2019

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Economic Times reported that state-run hydro major NHPC will bid for 120 Megawatt Jal Power stressed plant in Sikkim when the project is bid out in the bankruptcy court this month. Lenders had referred the project to NCLT and the bankruptcy court is likely to call bids for the project soon

NHPC recently obtained the approval of the Union cabinet for investment of IN 5,748 crore in 500 Mw Lanco Teesta Hydro Power that the state-run company acquired for INR 907 crore by bidding in NCLT. The project is likely to be commissioned in 3.5 years

Investment sanction of INR 4,287 crore for construction of 624 Mw Kiru Hydro Electric Project located on river Chenab in Kishtwar district of Jammu & Kashmir by a JV of NHPC and J&K state power development utility was also approved. The project is scheduled to be completed in 4.5 years by Chenab Valley Power Projects Pvt Ltd.

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Posted By : Rabi Wangkhem on Thu, 14 Mar 2019
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