Recent events
Recent events tied to this brand in public sources.
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2021
NHPC completes takeover of Rangit Stage-IV HE Project
NHPC completed the formalities for taking over the 120 MW Rangit Stage-IV HE Project on 31 March 2021, remitting Rs. 165 crore to Jal power Corporation for distribution to creditors under the approved resolution plan. JPCL became a wholly owned subsidiary of NHPC.
2021
Government approval for NHPC’s investment in Jalpower acquisition
The competent authority approved an investment of Rs. 938.29 crore by NHPC Limited for the acquisition of Jalpower Corporation Limited and construction of remaining works on the Rangit-IV project; the amount includes Rs. 165 crore for the acquisition through the corporate insolvency resolution process.
2020
NHPC raises Rs 750 crore through bond placement
State-owned NHPC Ltd said it raised Rs 750 crore through a private placement of bonds at an annual coupon of 6.80 per cent, with a 10-year loan tenure.
2019
NHPC completes takeover of Lanco Teesta Hydro Power
NHPC completed the takeover of the 500 MW Teesta VI hydroelectric project by paying Rs 897.50 crore to Lanco Teesta Hydro Power for distribution to its creditors under the approved resolution plan. Lanco Teesta Hydro Power became a wholly owned subsidiary of NHPC.
2019
NHPC signs agreement to take over Teesta-6 project
NHPC signed an agreement to take over and implement the 500-MW Teesta-6 hydroelectric project in Sikkim, which was being developed by Lanco Energy. Under the approved resolution plan, NHPC would pay Rs 897.5 crore to the project's financial creditors.