Name of the Project: 99 MW Bhimkyong HEP
The Project had been awarded to M/s Teesta Hydropower Pvt Limited, a Special Purpose Vehicle formed by M/s Polyplex India Pvt Limited. The Project is awarded on BOOT basis. The State will get 12% free power during first 15 years of operation and thereafter @15% till 35th year. The Project will revert back to the State after 35th year in good operating condiiton.
Location of the Project:
Dam: The Dam of the project is proposed across Lachungchu downstream of Lachung village.
Powerhouse: The Powerhouse of the Project is rpoposed to be located on the right bank of Lachungchu near Bhimkyong Nala in North Sikkim.
Present Status of the Project: The Government of Sikkim had terminated the MOU signed with developer and the developer has filed a petition before the Hon'ble High Court of Sikkim. The matter is presently sub-judice.
Exepcted Commissioing Date: Not applicable.