NHPC to Bid for Strained 120 MW Jal Power Plant in Sikkim

NHPC has announced that it will bid for 120 MW Jal Power strained plant in Sikkim when the project is bid out in the bankruptcy court. Lenders had mentioned the project to NCLT and the bankruptcy court is expected to call bids for the project soon, Balraj Joshi, CMD, NHPC alleged.

NHPC lately obtained the sanction of the Union cabinet for investment of Rs 5,748 crore in 500 Mw Lanco Teesta Hydro Power that the state-run company acquired for Rs 907 crore by bidding in NCLT. The project is expected to be commissioned in 3.5 years, Joshi supposed.

Investment approval of Rs 4,287 crore for construction of 624 Mw Kiru Hydro Electric Project positioned on river Chenab in Kishtwar district of Jammu & Kashmir by a JV of NHPC and J&K state power development utility was also official. The project is slated to be concluded in 4.5 years by Chenab Valley Power Projects Pvt Ltd.

NHPC has supplanted PTC India as aggregator for the second round of aggregation scheme for obtaining of 2,500 Mw PPA for three years. As aggregator, NHPC will mark agreement for power procurement with stressed power plants and back-to-back power supply pacts with discoms. “NHPC will obtain trading margin from discoms for aggregation between generators and distribution companies,” Joshi believed.