Sunday, 9 August 2020

NHPC takes over Lanco Teesta Hydro Power Limited

Updated: October 30, 2019 11:59 am

NHPC Limited, India’s premier hydropower company, has completed the formalities for the takeover of the 500 MW (125 MW x 4) Teesta VI HEP on Teesta River by remitting the resolution plan consideration of Rs.897.50 Crore to the account of Lanco Teesta Hydro Power Limited for distribution to all the creditors as per the Approved Resolution Plan. A. K. Singh, Executive Director (PMSG) on behalf of NHPC as the Chairman of the Taking Over Committee in the august presence of Shri Balraj Joshi, Chairman & Managing Director, NHPC and other functional Directors, completed the takeover from the Resolution Professional, of Lanco Teesta Hydro Power Limited,  Huzefa Fakhri Sitabkhan at New Delhi on 9th October 2019.

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