NHPC has completed formalities for taking over 500 MW Teesta VI hydro power project, which it has bagged under corporate insolvency resolution process.
The company had signed a definitive agreement for implementation of approved resolution plan for takeover and resolution of Lanco Teesta Hydro Power, which was executing the 500 MW (125 MWx 4) Teesta VI hydro project on 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.
