Sikkim government cancels proposed Teesta-I project awarded to NCC

NCC (formerly known as Nagarjuna Construction Company) has received a major setback after the Sikkim government has cancelled the proposed Teesta-I hydel power project. Due to continuous opposition from locals on the project along with environmental issues has led to the cancellation of the project.

In 2005, the government of Sikkim had signed a memorandum of understanding for 280 MW Teesta Stage-I after it was bagged by the company. Beside this, the State government has also cancelled three other Hydel Power Projects- the 99-MW project at Bop, Bhimkang and Lachung each. The four projects were planned at Lachen and Lachung in North Sikkim on three tributaries of the Teesta and Lachen rivers.

NCC is engaged in development of real estate. Its projects stand on credentials of its work in various sectors such as housing, transportation, power, water, metals and oil and gas.