NHPC FINALIZES MAJOR CONTRACT AGREEMENT
FOR TEESTA LOW DAM HYDROELECTRIC PROJECT
National Hydroelectric
Power Corporation Ltd. (NHPC) has finalised contract agreement
for major civil works for the 132 MW Teesta Low Dam Hydroelectric
Project in West Bengal. NHPC is executing 132 MW Teesta Low Dam
Hydroelectric Project in Darjeeling district, West Bengal as a
Central Sector Project at a cost of Rs.768.94 crores with debt-equity
ratio of 70:30. The equity support is being given by Government
of India in the form of budgetary support and the balance will
be arranged by NHPC as a term loan. This is first Hydroelectric
Project of NHPC in the state of West Bengal. The Project is scheduled
to be commissioned during the 10th plan.
The Project is
run of the river scheme and is located on the river Teesta. On
completion, the Project will generate 594.07 Million Units energy
annually.
