NHPC has bagged debt-laden Lanco's 500 MW Teesta hydro power project under insolvency proceedings for a tentative value of Rs 900 crore. The company is expected to complete the takeover in the next three to four months and can finish the project in three to four years as its construction is almost 50% complete.
Lanco Teesta Hydro Power is building a 500-megawatt (125 MWX4) hydropower project on the Teesta river in Sikkim.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
