SIKKIM URJA
Government initiates parametric & hydroelectric insurance pools for enhanced disaster protection The government, led by GIC chairman Ramaswamy Narayanan, is developing parametric and hydroelectric insurance pools to enhance disaster protection. Parametric coverage will pay claims based on predefined triggers like earthquakes, while the hydroele...
04 Jun, 2024, 12.25 AM ISTGreenko Energies gets CCI nod to acquire additional stake in Sikkim Urja CCI approved Greenko Energies' additional stake acquisition in Sikkim Urja Ltd, a special purpose vehicle for a 1,200 MW hydropower project in North Sikkim. The acquisition was part of promoting fair competition in the marketplace.
07 May, 2024, 09.47 PM ISTInsurers hike premiums for public infra assets by up to 25% in aftermath of Sikkim cloudburst State-owned hydel unit Sikkim Urja lodged an insurance claim of ₹500 crore after unseasonal rains early in October caused the banks of the glacial South Lhonak Lake to breach, with a wall of water battering public infrastructure assets and drowning ...
10 Nov, 2023, 06.38 AM IST- ADVERTISEMENT
High-level committee to examine Teesta Stage III dam breach: Sikkim CM The Sikkim government has formed a high-level committee to investigate the Teesta Stage III dam breach that occurred on October 4. The committee, consisting of technical, financial, and subject experts, will examine the allotment process of the 1,20...
20 Oct, 2023, 01.54 PM ISTFlood-hit Sikkim Urja looks to claim ₹11,400 cr cover The total sum assured in the policy is ₹11,400 crore. However, there is a cap of ₹500 crore on payouts for certain natural calamities. Therefore, the extent of the claim settlement could be lower. While the estimated loss resulting from the recent i...
10 Oct, 2023, 12.30 AM ISTOver 3,000 tourists stranded in Lachen, Lachung in Sikkim More than 3,000 tourists are stranded in Lachen and Lachung in Sikkim due to flash floods, but officials have stated that they are safe. Rescue operations have been hindered by bad weather and damaged roads. An alternative route is being opened for ...
07 Oct, 2023, 05.37 PM IST"If previous government had constructed properly..." Sikkim Chief Minister on hydel dam destroyed in flash floods Sikkim Chief Minister Prem Singh Tamang has blamed substandard construction work for the flash floods in Teesta River. He stated that the maximum damage occurred after the 1200 MW dam in Chungthang broke. Tamang visited the flood-affected areas and ...
07 Oct, 2023, 12.32 PM ISTCCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The proposed transaction also invo...
11 Mar, 2020, 09.16 PM ISTGreenko set to buy into $1.5 bn Teesta Project in Sikkim Greenko is making its boldest bet yet in hydel power, buying a chunk of Teesta Stage III in Sikkim, the largest private hydroelectric project in Asia, in a multi-phased transaction, people in the know said.
10 Jan, 2020, 04.33 PM ISTTeesta-III a failed PPP project, alleges AIPEF The construction of connected transmission lines of the project was also given to the same project developer -- Teesta Urja Ltd subsidiary.
25 Jun, 2017, 01.01 PM ISTTeesta III to be commercially operational in next 4 months The company is developing the 6x200 MW Teesta Stage-III Hydro Electric Power Project on Teesta River situated in North District of Sikkim.
02 Feb, 2017, 10.52 PM ISTRelief for private equity funds as Sikkim government may buy back assets from Asian Genco The Sikkim government may buy back assets from sian Genco as it failed to develop the proposed projects in the north-eastern state.
31 Aug, 2015, 05.13 PM ISTGovernment rescues Athena hydel project in Sikkim Sources said the deal, sewed up by power minister Piyush Goyal, would prevent the 1,200 mw project in the Himalayan state from turning into a bad investment.
28 May, 2015, 10.59 AM ISTPTC India third quarter net profit plummets to Rs 7 crore Electricity trading firm PTC India's net profit for the third quarter this fiscal plunged to Rs 7 crore due to one-time provision of Rs 33 crore.
06 Feb, 2015, 04.28 PM ISTPTC India slips 10% as Q3 net profit falls to Rs 7 crore PTC India said it plans to divest a part of its long-term investment in Teesta Urja Limited so that Government of Sikkim can acquire 51% holding.
06 Feb, 2015, 10.16 AM IST1,200 mega watt Teesta III hydel project to be ready by June 2015 Minister of State for Power Piyush Goyal informed the Lok Sabha that commissioning of Teesta project has been delayed "to June 2015".
24 Jul, 2014, 05.35 PM IST- REC to give additional Rs 995-cr loan for Teesta III hydro project
With the additional amount, state-run REC's total lending to the project would be Rs 3,095 crore, sources said.
12 Aug, 2012, 01.51 PM IST - Teesta Urja ends feud with Sikkim, gives 26% stake to state
Teesta Urja, which is developing the 1,200-mw Teesta III in Sikkim, has resolved the long-standing dispute with the state govt by allocating 26% stake to it.
10 Jul, 2012, 05.43 AM IST - Teesta project not affected by Sikkim quake: Teesta Urja Ltd
Teesta said its 1,200-MW Teesta State-III hydroelectric project in Sikkim has not been majorly impacted by last week's earthquake.
22 Sep, 2011, 08.24 PM IST - Earthquake news: Quake toll climbs to 66, rescue work hampered by landslides
Landslides, weather hampered rescue ops in Sikkim as death toll in the 6.8 magnitude quake mounted to 66, including 39 in the Himalayan state.
19 Sep, 2011, 06.49 PM IST