NHPCNSE -0.79 % will bid for 120-MW Jal Power stressed plant in Sikkim when the project is bid out under the bankruptcy court this month. 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.
NHPC recently obtained the approval of Union Cabinet for investment of Rs 5748 crore in 500-mw Lanco Teesta Hydro Power that the state-run company acquired for Rs 907 crore by bidding in NCLT. he project is likely to be commissioned in 3.5 years, Joshi said.

Investment sanction of Rs 4287 crore for construction of 624-mw Kiru Hydro Electric Project located on river Chenab in Kishtwar district of Jammu & Kashmir by NHPC and J&K state power development utility joint venture was also approved. The project is scheduled to be completed in 4.5 years by Chenab Valley Power Projects Pvt Ltd.

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