Supreme Court allows NHPC to process bids for Teesta HE project

The Supreme Court on Monday allowed state-owned National Hydro power Corporation (NHPC) and its subsidiary Lanco Teesta Hydro Power to process the tender for completion of balance works for the Teesta-VI Hydro Electric Project on the Teesta river in Sikkim.

NHPC claimed that the Rs 5,748-crore project of “national importance” was being held up and it cannot process the fresh tender in the wake of a status quo order operating against it. The Sikkim High Court on December 11 in an interim order had asked it to maintain status quo with regard to construction of balance civil works package of the project. NHPC had acquired the debt-ridden Lanco Teesta HP, which was executing the 500 MW