NHPC expects forward movement on mega Northeast hydro power projects PSU NEWS

 

New Delhi: NHPC, India's state-owned hydropower producer, is hoping to quickly ramp up generation capacity in the Northeast on the back of a slew of approvals for large projects received recently. 
 
This includes the 500-megawatt (MW) Teesta-VI project in Sikkim, the 2,880-MW Dibang multipurpose project in Arunachal Pradesh and the 2,000-MW Lower Subansiri project located at the border of Assam and Arunachal Pradesh. 
 
"Doors are now open for projects in Northeast, particularly Arunachal Pradesh that has a hydropower potential of around 50,000 MW," said Balraj Joshi, chairman and managing director at a media interaction last week. 
 
ALSO READ: Hydropower station at Sardar Sarovar dam becomes operational The National Company Law Tribunal (NCLT) has approved NHPC's bid for Lanco Teesta Hydro Power for Rs 897.50 crore under the Corporate Insolvency Resolution Process. The project will be implemented at an estimated cost of Rs 5,748.04 crore. 
 
"Once completed, the 500-MW Teesta-VI project would generate 2,400 million units of power in 90 per cent dependable year. The project will be completed in about five years and the levelised tariff is expected to be Rs 4.07 per unit," the company said in a statement. 
 
The Cabinet Committee on Economic Affairs had last month approved the 2,880-MW Dibang project in Arunachal Pradesh at a cost of Rs 1,600 crore. On completion, the project will be the country's largest storage-based hydoelectric project. It will supply power at a tariff of Rs 4.64 per unit after completion in nine years. 
 
The company also said another roadblock has been cleared in the development of the 2,000-MW Subansiri Lower project with the National Green Tribunal upholding the expert committee constituted by the Ministry of Environment, Forest and Climate Change. "The project will be commissioned within four years after the restart of work. The levelised tariff will be Rs 5.86 per unit," NHPC said. 
 
Joshi said the government's latest move to allow re-classifying medium and large hydropower projects in the renewable energy category will ease financing for such projects and also help the country meet its green energy targets.


Posted Date :  13-08-19

Categories : PSU NEWS

Similar news

POWERGRID VISHRAM SADAN at PATNA Inaugurated for generaI public

Patna. POWERGRID VISHRAM SADAN was inaugurated by Shri R.K. Singh, Union Minister of State (IC) for Power, New and Renewable Energy and Skill Development and Entrepreneurship. Bihar’s Energy Minister, Shri Bijendra Prasad Yadav and Health Minister, Shri Mangal Pandey were also present at the ev
Posted Date :  18-11-19

Read more

BPCL collaborated with ALIMCO

Mewat: Bharat Petroleum, in collaboration with Artificial Limbs Manufacturing Corporation of India (ALIMCO) a Miniratna PSE distributed 332 Wheel Chairs to people with disabilities in Nuh in Mewat District of Haryana today.   Smt. Anisha Bano, Chairperson Zila Parishad, Nuh was the Chief
Posted Date :  16-11-19

Read more

Eco-Restoration at Northern Coalfields Limited

Dehradun: Committed towards environmental excellence, Northern Coalfields Limited endeavored eco-restoration in 10 hectares of land, 5 hectares each at its two coal mines Nigahi and Krishnashila, in association with Forest Research Institute, Dehradun.   Eco-restoration is a process thro
Posted Date :  16-11-19

Read more

NMDC celebrated 62nd Foundation Day

New Delhi: NMDC celebrated it’s 62nd Foundation Day with great zeal & enthusiasm. Congratulating the employees, Director (Pers.) NMDC, Shri Sumit Deb said that everyone associated with company should take pride on its achievements & also be aware of the increased responsibilities it brings.
Posted Date :  16-11-19

Read more

REIL gets Best Employer Award- 2018

JAIPUR. The Rajasthan Electronics and Instruments Limited, (REIL) Jaipur was awarded the "Best Employer Award-2018" by the Employers Association of Rajasthan for the 10th time. The award was presented by Minister of Industry, Government of Rajasthan, Shri Parsadi Lal Meena to Dr. A. K. Jain, Mana
Posted Date :  16-11-19

Read more

NBCC celebrates 60th Foundation Day

NEW DELHI. The 60th Foundation Day of NBCC was celebrated with full enthusiasm. The musical gala evening saw attendence by Union Minister of Housing and Urban Affairs, Shri Hardeep Singh Puri & his wife Smt. Lakshmi Puri; CMD NBCC, Shri P K Gupta & NBCC directors along with family.
Posted Date :  16-11-19

Read more

BEL contributes Rs. 1.36 Cr to Karnataka CM Flood Relief Fund

Bengaluru. The employees of Bharat Electronics Ltd (BEL) have contributed an amount of Rs. 1.36 Crores to the Karnataka Chief Minister’s Relief Fund for relief work in flood-hit areas of Karnataka.   Mr Gowtama M V, CMD, BEL, and Mr Shivakumaran K M, Director (HR), BEL, handed over the
Posted Date :  16-11-19

Read more

NTPC unveils Safety Mascot KAWACH

New Delhi: NTPC Ltd the country’s largest power generating company, unveiled its Safety Mascot ‘KAWACH’ to enhance the culture of safety across the organisation.   Safety Mascot ‘KAWACH’ represents NTPC’s firm belief in workplace safety. It symbolises NTPC’s constant endeav
Posted Date :  15-11-19

Read more

ITDC posts 1.38 Cr profit in half yearly 2019-20 results

New Delhi: India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, announced half yearly results of the current financial year 2019-20. The company registered a total turnover of Rs. 152.00 cr in H1 ending September 2019. Profit befo
Posted Date :  15-11-19

Read more

NLCIL joined the nation in celebrating Children Day

Neyveli:  NLCIL joined the nation today in celebrating Children's Day with great enthusiasm and gaiety at Lignite Hall Block-11, Neyveli . Shri R.Vikraman, Director ( HR), NLC India  Ltd. the Chief Guest inaugurated the program.    Speaking on the occasion, Shri R. Vikraman indica
Posted Date :  15-11-19

Read more

Indian Coast Guard was successfully launched by Smt Vijaya S Naik

Goa: 3rd vessel of the 05 Advanced Offshore Patrol Vessel Project for Indian Coast Guard was successfully launched on 14th Nov 19, as per construction schedule, at GSL by Smt Vijaya S Naik, wife of Hon'ble RRM, GoI. Launching signifies another glorious milestone in rich history of GSL caterin
Posted Date :  15-11-19

Read more

SAIL logs Rs 343 cr loss in Q2

NEW DELHI. The country's largest steel maker SAIL on November 14 posted a loss of Rs 342.84 crore for the July-September quarter of the current fiscal due to demand contraction and moderation in prices.   The steel PSU had posted a standalone profit of Rs 553.69 crore in the second q
Posted Date :  15-11-19

Read more

ONGC reports 24 percent YoY drop in standalone profit

NEW DELHI. Oil and Natural Gas Corporation (ONGC), on November 14, reported a 24.2 percent year-on-year (YoY) fall of its standalone profit to Rs 6,263.13 crore for the quarter that ended on September 30. The company had posted a profit of Rs 8,264.61 crore for the corresponding quarter of the la
Posted Date :  15-11-19

Read more