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Web Exclusive | November 2013

NHPCs project cost may escalate to Rs 12,000 cr

Following delays, the total cost of State-owned NHPC's Subansiri project in Assam is likely to be around Rs 12,000 crore, nearly double than envisaged initially. The original cost of the project was Rs 6,285 crore. NHPC is India's largest hydro power producer and it is executing the 2,000-mw Subansiri hydel plant in Assam. Sources in NHPC said that local issues, contractual issues, geological surprises, delay in decision making and poor risk-taking assessment have impacted the progress on the Subansiri project, which is now likely to cost nearly Rs 12,000 crore. After the local people raised issues related to its safety and downstream impact, the project has been stalled since December 2011.
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