NHPC inks pact to acquire 500 MW Teesta VI hydro project
New Delhi, Oct 4 () State-owned hydro power giant NHPC on Friday signed an agreement to acquire 500 MW Teesta VI hydro power project, which it bagged under corporate insolvency resolution process.
It would supply power at a levelised tariff of Rs 4.07 per unit and would be completed in next five years, NHPC Chairman and MD Balraj Joshi said at a press conference here.
The company will tie-up with state discoms for entering into power purchase agreements (PPAs) because its existing PPA with Maharashtra is not valid anymore, he added.
NHPC Ltd has signed the definitive agreement for implementation of approved resolution plan for takeover and resolution of Lanco Teesta Hydro Power Ltd, which was executing the 500 MW (125 MWx 4) Teesta VI hydro project on Teesta river in Sikkim.
