NEW DELHI: State-run hydro power generator NHPC Limited has lined up aggressive plans to raise its capacity to 10 gigawatts (GW) in the next three years. Currently, the company operates about 7.1 GW of hydro power units. The company is also on an acquisition spree as it eyeing the 120-MW Jal Power Corporation’s Rangit hydro project in Sikkim, which is undergoing insolvency proceedings in the National Company Law Tribunal (NCLT).
“We are looking at more stressed hydro units through the NCLT route and JAL Power’s project in Sikkim is one such project we have evaluated. We are keen to bid for it as and when the expression of interest is issued by the insolvency professional,” said NHPC chairman and MD Balraj Joshi.
NCLT will hear the case on March 15, he added.
