TEESTA III HYDRO PROJECT
NHPC expects to complete all 4 units of Parbati-II hydro electric project by Dec 2024
NHPC, a state-owned company, provided updates on its hydroelectric projects. Firstly, the Parbati-II project in Himachal Pradesh, with a total capacity of 800 MW, is expected to have all four units completed by December 2024. Secondly, the Subansiri Lower project, with a capacity of 2,000 MW, is progressing with three units expected to be finished by March 2025 and the rest by May 2026. Lastly, the Teesta-V power station in Sikkim faced losses initially estimated at Rs 788 crore, but after reassessment, it's now revised to Rs 1,005.10 crore.
RK Vishnoi on NHPC’s roadshow, OFS plans and future plans
NHPC's power generation may be affected this year due to the flood disaster in the Teesta basin in Sikkim. The recovery of two out of three damaged projects is in progress. The response to the non-deal roadshow ahead of the OFS was positive, with investors showing interest in the company's growth. The proposed hikes in ROEs for hydro projects will provide adequate coverage for the risks involved. NHPC plans to commission the Parbati and Subansiri projects in FY25.
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 1,200 MW project and assess the credibility, genuineness, technical know-how, and financial solvency of the consortium responsible for building the dam.
Hydropower projects fuelling disasters in Himalayas: Experts
Construction of hydropower projects in the fragile Himalayan region is leading to disasters, according to environmental experts and activists. Violations of norms during construction have resulted in severe damage in various districts, and the series of dams built on the Teesta River have exacerbated the situation.
NHPC extends Rs 3 cr financial aid to CM Relief Fund of Sikkim
NHPC, a power company, has provided financial aid of Rs 3 crore to the CM Relief Fund of Sikkim to support the victims of a flash flood. The flood was caused by an outburst of Lhonak Lake, resulting in severe damage to bridges, infrastructure, and small towns in the Teesta River Valley. The aid was presented to Sikkim's Chief Minister by NHPC's Executive Director and officials from various projects.
Flood-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 incident is yet to be determined, the company is seeking claims for the entire loss under the insurance policy, said a person with knowledge of the matter.
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"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 relief camps to assess the situation and announced that a committee will be formed to investigate the incident. The government is prioritizing rescue efforts and aims to restore electricity and water supply. The death toll stands at 26, with 142 still missing, and over 22,000 families have been affected. The government has allocated a relief package of Rs 25 crore for Mangan District and Rs 15 crore for Gangtok, Pakyong, and Namchi districts.
Sikkim disaster: CWC's 2015 report on hydro projects' vulnerabilities ignored?
A study conducted by the Central Water Commission in 2015 warned the Sikkim state government about the vulnerability of hydropower projects on the Teesta river to glacial lake outburst flood (GLOF)-triggered disasters. The recent GLOF in Sikkim resulted in severe damage, including the breach of the Chungthang dam, and caused numerous casualties. The study highlighted the potential impact of GLOFs on vulnerable areas and recommended informing local bodies and project authorities about the consequences of such events.
Sikkim death toll rises to 18; 98, including 22 army men, still missing
On Wednesday, connectivity to Sikkim, including its capital Gangtok, was severely disrupted as an overflowing Teesta washed away sections of the NH-10. A dam of the Teesta III hydropower project was also washed away after the water level rose to 15-20 feet high downstream.
Centre to assess damage to hydropower plants in Sikkim after flood water recedes: Power Ministry
Due to flash floods in the Teesta Basin on the intervening night of 3rd and 4th October 2023, all the bridges downstream to Teesta-V Hydropower Station up to Tarkhola/ Pamphok have been submerged/ washed out thus severely affecting commutation and communication in these areas.
NHPC’s 510-MW Teesta V plant shut after flash flood in Sikkim
All units of NHPC Ltd's Teesta V power plant in Sikkim have been shut down due to flash floods in the Teesta River. Another under-construction project has also been affected. NHPC's Teesta VI project has not suffered major damage and the overall impact on the company's financials is minimal. A detailed assessment of losses and damages will be conducted once the water level recedes.
Nepal quake triggered Sikkim disaster? Scientists to find out
Scientists are investigating whether the recent earthquake in Nepal caused the south Lhonak lake to burst, leading to a flash flood in the Teesta river basin in Sikkim. The lake outburst also resulted in the breach of the Chungthang dam, the largest hydropower project in the state. Satellite images show that the lake's area reduced by over 100 hectares, suggesting that the earthquake triggered the floods.
Indian projects in Nepal make headway while BRI falters
However, a number of Chinese projects in Nepal exist only on paper, in stark contrast to projects funded by India in the Himalayan country, where India’s grant assistance to Nepal totals around $63 billion, ET has learnt.
NCLT approves NHPC’s Rs 165 crore resolution plan for Jalpower Corp
JPCL was executing 120-mw Rangit Stage-IV Hydroelectric Project in Sikkim. The company is currently undergoing Corporate Insolvency Resolution Process which was initiated on April 9, 2019 vide an order of NCLT. NHPC will make upfront payment of Rs 165 crore and cost of the project is considered as Rs 943.20 crore.
India, Nepal inching closer to finalise cross border electricity sales regulatory modality
The power/energy secretaries of India and Nepal co-chaired the 8th meeting of Joint Steering Committee (JSC) on cooperation in the Power sector that was held through video conference.
Greenko 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.
States asked to forego free power to make hydro projects viable
India is targeting production of 75,000 MW of hydropower by 2030, up from 45,000 MW at present, to balance the electricity grid as the country aims to add 175 GW of renewable capacity.
NCLT approves NHPC's Rs 907 crore bid for 500 MW Lanco Teesta Hydro Power project
"Resolution Plan submitted by the NHPC Ltd for Lanco Teesta Hydro Power Ltd has been approved by NCLT Bench, Hyderabad," NHPC said in a BSE filing.
NHPC to complete Teesta VI hydropower project in Sikkim
The run of the river project in Sirwani village is aimed at utilising the power potential of Teesta river basin.
NHPC eyes stressed 120 MW Jal Power plant in Sikkim
Lenders had referred the project to NCLT and the bankruptcy court is likely to call bids for the project soon, said NHPC chairman and managing director Balraj Joshi.
Cabinet clears Rs 33,500-crore power projects
NHPC has also been allowed to spend Rs 574.04 crore to complete balance work at the project.
Delay in Teesta III line causes Rs 6 cr loss per day: AIPEF
The Sikkim government's failure to complete transmission line from Teesta-III hydro power station to Kishanganj has resulted in Rs 6 cr loss per day
Teesta-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.
Teesta 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.
Over 30 hydel power projects left in limbo
The government is trying to evolve ways and means to make sure that the projects turn into reality,” said Central Electricity Authority, chairman SD Dubey.
Half-page application for a new connection: Piyush Goyal
Government wants to keep short and quick application for new power connection. The government has set a target of providing power to 28 crore people by 2019.
NHPC synchronises Teesta Hydro Electric Project's 2nd unit with grid
This makes was for the commercial commissioning of the unit of the Teesta Low Dam Hydro Electric Project, Stage-IV in West Bengal.
BHEL starts 40-mw hydro power unit in West Bengal
The other three units of the project are also at advanced stages of execution and the second unit is expected to be commissioned shortly.
Teesta hydro project back on track: Piyush Goyal
Teesta hydro power project, which was stalled for seven years, is back on track as the work on the power plant in Sikkim started on October 1, Power Minister Piyush Goyal said.
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