State-owned power firms NHPC, NTPC, NEEPCO and THDCI along with few private sector players are likely to bid for Jal Power Corporation's stressed Rangit hydroelectricity project in Sikkim, which is undergoing insolvency proceedings.
"NHPC, NTPC, NEEPCO (North Eastern Electric Power Corporation) and THDCI have planned to bid for the 120-megawatt Rangit Stage IV project. Besides, few private sector players are also likely to be in the fray to grab the project," a source said.
The source added, "The last date for submitting the bid is October 31, 2019. The insolvency proceedings of the project are going on in the National Company Law Tribunal's (NCLT) Hyderabad Bench."
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