The Board of Directors of NHPC has approved the proposal to merge Lanco Teesta Hydro Power Limited with it. NHPC had won the bid to take over the 500 MW Teesta VI hydro power project under the corporate insolvency resolution process (CIRP).
Lanco Teesta Hydro Power was executing the 500 MW (4×125 MW) Teesta VI hydro project on the Teesta river in Sikkim. The project will supply power at a levelised tariff of Rs 4.07 per unit and is likely to be completed in the next four years. Lanco Teesta Hydro Power is a wholly-owned subsidiary of NHPC.