NHPC reports Rs 1,075 Crore Loss due to Flash Floods, results delay in project completion

The National Hydroelectric Power Corporation's (NHPC) 2,000 MW Lower Subansiri hydroelectric project has lost Rs 1,075.97 crore due to flash floods. This project, located on the Subansiri River along the Assam-Arunachal Pradesh border, has experienced several delays since its inception in 2005.

The most recent setback is attributed to severe flooding in the region. These flash floods caused significant damage to the project's infrastructure, including the dam and associated facilities, resulting in substantial financial losses and further postponing the project's completion.

NHPC officials have stated that efforts are underway to assess the full extent of the damage and implement the necessary repairs to resume construction activities.

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Once completed, the Lower Subansiri project is expected to be the largest hydroelectric project in India, significantly contributing to the country's renewable energy capacity. However, environmental concerns and local opposition have plagued the project, resulting in prolonged delays and increased costs.

In response to the recent losses, NHPC is seeking additional funding and support from the government to expedite the project's completion. The corporation is also reviewing its disaster management and mitigation strategies to prevent such incidents in the future.

The delay in the project's completion has raised concerns about meeting India's renewable energy targets and the potential impact on the local economy. Stakeholders are urging prompt action to address the challenges and ensure the project's timely completion.

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