Navayuga, Sikkim Power bid for Arunachal Pradesh’s stressed power project

NEW DELHI|MUMBAI: Krishnapatnam port operator Navayuga Engineering and state-run Sikkim Power Investment Corporation have submitted binding bids for the Rs 15,000-crore planned hydro power project in Arunachal Pradesh that is undergoing insolvency proceedings. The 1,750-mw project awarded by the Arunachal government to Athena Energy Ventures on a 40-year concession has been stalled due to incomplete forest clearances and insufficient funds.

Leave a Comment

Your email address will not be published. Required fields are marked *

one × 2 =

12 − 4 =