State-owned NHPC on Monday said its arm Lanco Teesta Hydro Power Ltd (LTHPL) has awarded a civil works order worth Rs 1,248 crore for 500-MW Teesta-VI plant in Sikkim on Gammon Engineers and Contractors.
"LTHPL has awarded the Lot-II package of Construction of Balance Civil Works Package of 500 MW Teesta-VI HE Project, Sikkim to Gammon Engineers and Contractors Private Ltd on March 15, 2020, for a contract price of Rs 1,248.44 crore," NHPC said in a statement.
This package includes works for underground power house and transformer cavern, part of HRT-I & HRT-II (headrace tunnel), surge shafts, pressure shafts and adits (water tunnel inspection points), TRT (tailrace tunnel) and other associated structures.
The work has been awarded in record time well before the scheduled date. NHPC provided the consultancy works for the same, including invitation of bids, tendering and evaluation.
Earlier, LTHPL was implementing the 500 MW (125 MWx4) Teesta-VI hydroelectric project on Teesta river in Sikkim.
NHPC had acquired this project through the National Company Law Tribunal (NCLT) route after the NCLT's Hyderabad bench approved the resolution plan of NHPC on July 26, 2019, for the debt-ridden LTHPL.
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The project will be completed at an estimated project cost of Rs 5,748.04 crore (at July 2018 price level), which includes acquisition cost of Rs 897.50 crore.
NHPC is committed to completing the project within five years. The project is expected to generate 2,400 million units of electricity in a 90 per cent dependable year.
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