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Finance | September 2013

NHPC's Subansiri project sees over Rs 1,000 crore cost overrun

NHPC has witnessed cost overrun of more than Rs 1,000 crore for its 2,000 MW Subansiri project. The country's largest hydro power producer now expects the completion of the stalled project to cost around Rs 10,780 crore. Subansiri Lower project is located on the border of Assam and Aruncachal Pradesh.  ABL Srivastava, Director Finance, NHPC, said the work of the project was stopped in December 2011, due to agitation by anti-dam activists.

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