NHPC has announced that the competent authority has accorded government approval for investment of Rs 938.29 crore for acquisition of the Jalpower Corporation (JPCL).
It has accorded approval for construction of balance works of 120 MW Rangit-IV HE Project, located on Rangit river in West Sikkim district of Sikkim, by NHPC.
The above cost includes Rs 165 crore to be paid by NHPC for acquisition of JPCL through Corporate Insolvency Resolution Process (CIRP).