NHPC has signed an agreement to acquire 500 MW Teesta VI hydro power project, which it bagged under corporate insolvency resolution process. The company would supply power at a levelised tariff of Rs 4.07 per unit and would be completed in next five years. 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.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
