NHPC board approves merger with Lanco Teesta Hydro Power

NHPC Limited’s board of directors has approved the proposal to merge Lanco Teesta Hydro Power Private Limited (LTHPPL) with itself. NHPC had won the bid to take over the 500 MW Teesta VI hydropower project under the corporate insolvency resolution process. LTHPPL is executing the 500 MW (4×125 MW) Teesta VI hydro project on the Teesta river in Sikkim. The project will supply power at a levellised tariff of Rs 4.07 per unit and is likely to be completed in the next four years.