NHPC board approves merger of Lanco Teesta VI hydro power project
State-owned hydro power giant NHPC board on Tuesday approved a proposal to start merger of Lanco Teesta Hydro Power Ltd into the company.
The NHPC had bagged the 500 MW Teesta VI hydro power project under corporate insolvency resolution process.
Lanco Teesta Hydro Power Ltd was executing the 500 MW (125 MWx 4) Teesta VI hydro project on Teesta river in Sikkim.
“Board of Directors of NHPC Ltd in its meeting held today i.e. Tuesday, October 20, 2020, has approved the proposal to initiate the process of merger/ amalgamation of Lanco Teesta Hydro Power Ltd (a wholly-owned subsidiary of NHPC Ltd) with NHPC Ltd… subject to approval of Government of India,” a BSE filing said.
