NEW DELHI, July 19: The 1,200 MW Teesta-III hydro project in Sikkim, delayed by natural calamities and legal hurdles, is likely to be commissioned by December 2013.
The project, which would supply power Sikkim, Haryana and Rajasthan, among others, is being developed by Teesta Urja, where four entities, including Sikkim government have stakes.
Power trading solutions provider PTC India, which holds 11 per cent stake, said the project is expected to be ready by the end of next year.
“The construction activity of Teesta III project got affected due to the earthquake of September 2011. The project is now expected to be commissioned in December 2013,” PTC India Chairman and Managing Director Tantra Narayan Thakur told.
Singapore-based Asian Genco Pte holds 50.1 per cent stake in Teesta III while Sikkim government and Athena Projects Pvt Ltd has 26 per cent and 11 per cent shareholding, respectively.
Going by initial schedule, first unit of Teesta III was to be commissioned in August 2011, as per Teesta Urja website. The project would have six units of 200 MW each.
Follow our WhatsApp channel