Dhauliganga project expected to restart by FY14-end: NHPC

NEW DELHI .   NHPC ’s financial performance is under stress, says  Shri ABL Srivastava, Director Finance. According to him, the company’s results for the first six months show a decline due to flood-led losses in its 280 MW Dhauliganga hydro power project in Uttarakhand. The company hopes to restart the project by FY14-end. Going ahead, the company will try to recover its business loss for the Dhauliganga project. So far, it has received only Rs 35 crore for account payment by the insurance companies, says Srivastava in an interview to CNBC-TV18.