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NHPC gets nod to acquire Lanco's Teesta hydro-electric project

07 Mar 2019 Evaluate

NHPC has received approval from Union Cabinet for acquiring Lanco’s 500 MW Teesta hydro-electric power project in Sikkim. The company has also been allowed to spend Rs 574.04 crore to complete balance work at the project. The project would generate 2,400 million units.

Teesta Stage-VI hydro-electric project is a run of river (RoR) scheme in Sirwani Village of Sikkim to utilise the power potential of Teesta river basin in cascade manner. The project shall help in meeting peaking demand of energy, balancing and ramping requirement of the grid.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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