NHPC to commission twin projects in WB
NHPC, the country’s largest hydro-power producer, will commission two projects, including Teesta in West Bengal, by December this year which will raise its generation capacity by over 250 MW.
According to company sources, NHPC plans to commission one of the Teesta hydro-electric projects of 132 MW by December this year and also 120 MW Sewa-II project in Jammu & Kashmir.
The company has already tied-up debt of about Rs4,000 crore with state-run Power Finance Corp (PFC) and nearly Rs6,500 crore with Life Insurance Corp (LIC) for funding its power projects during the current plan period (2007-12). NHPC plans to set up two projects in Myanmar to harness the neighbouring country’s hydro potential.
NHPC has earmarked a capex of Rs28,000 crore in the 11th Five-Year Plan (2007-12) to double its power generation capacity to about 10,000 MW.