SILIGURI: State-owned NHPC LimitedNSE -0.40 % has bagged the responsibility to complete Teesta VI hydropower project years after the initial builder – Lanco Teesta Hydro Power Ltd (LTHPL) – went into insolvency and the 500 mw project hit a roadblock.
The Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister has approved the investment sanction for acquisition of LTHPL and execution of the remaining work by NHPC.
“It is a big responsibility that we are happy to shoulder. With only around 30% job done, the project will now require new planning and execution including situation analysis and fresh tendering,” said Debajit Chattopadhyay, executive director, NHPC.
According to officials, the project will be implemented at an estimated cost of Rs 5,748.04 crore, which includes the bid amount of Rs 907 crore for acquisition of LTHPL.
