New Delhi: State-run National Hydropower Corporation (NHPC) is expecting its capex for the current financial year to be around Rs 3,800 crores or higher depending on the progress of Teesta-VI and Teesta-IV hydro projects, Chairman and Managing Director (CMD) Balraj Joshi said in an interview. This would be 45.46 percent higher than what the public sector undertaking (PSU) recorded in the last fiscal — Rs 2,577 crores. The CMD said that the state-owned enterprise expects the construction of Teesta-VI HE Project to start soon as it has received a nod from the government and is waiting to get an approval from the National Company Law Tribunal (NCLT).
“The HRT works of Parbati-II H E Project are also gaining momentum and we have positive expectations about restarting Subansiri Lower project, too,” Joshi told The Economic Times.