NTPC Tapovan project estimated to suffer massive losses
09 Feb 2021
2 Min Read
Editorial Team
The National Power Thermal Corporation Ltd (NTPC) has suffered an estimated loss of Rs 1,500 crore at its聽 Tapovan-Vishnugad hydel project after suffering heavy damage from the Uttarakhand glacier burst, and its commissioning, which was scheduled in 2023, is expected to be delayed, said Union Power Minister RK Singh.
The minister visited Tapovan to assess the extent of damage at the project site, a day after the glacier burst in Uttarakhand's Chamoli district.
The minister said that damages caused to the project were estimated at around Rs 1,500 crore, but ruled out any chances of the project being scrapped. The overall cost of the project is Rs 13,500 crore.
Lakhs of tonnes of silt is deposited at the project site, and the time it will take to desilt it has put a question mark on the project's commissioning in 2023, Singh told media sources.
NTPC stated that 120 workers were on the roster at the NTPC project, while three bodies have been recovered from the site till now. Earlier media reports had indicated that the flash floods had washed away the dam and office, accounting for about 60% of the completed construction work. Estimates of damage at that time, on Sunday, stood at Rs 450 crore. Those reports had suggested that between 60% and 70% of the construction may have been lost.
As we reported yesterday, hundreds of workers have been missing and several have been rescued. A news report said 12 workers were trapped in a tunnel in Tapovan, where NTPC鈥檚 project is underway. Miraculously, one of them found that his mobile network was working, and seven hours after being confined in the tunnel Monday evening, the Indo-Tibetan Border Police (ITBP) rescued them. They are under treatment at an ITBP hospital in Joshimath, 25 km away.
A massive, round-the-clock rescue operation is underway.
However, differing numbers have been emerging about the number of workers that could be trapped in the 12 ft high, 15 ft wide, 2.5 km long tunnel, which has offshoot tunnels within. Officials told media sources that they estimated that 34 were trapped in the main tunnel, while five could be in the offshoots. Latest figures indicate that at least 18 people have died in the tragic accident, which is now suspected to be an avalanche and not a 鈥済lacier burst鈥�.
: Four hydro projects including NTPC鈥檚 520 MW Tapovan-Vishnugad project are damaged.
Also read: Four hydro projects damaged in Uttarakhand glacier burst
The National Power Thermal Corporation Ltd (NTPC) has suffered an estimated loss of Rs 1,500 crore at its聽 Tapovan-Vishnugad hydel project after suffering heavy damage from the Uttarakhand glacier burst, and its commissioning, which was scheduled in 2023, is expected to be delayed, said Union Power Minister RK Singh.
The minister visited Tapovan to assess the extent of damage at the project site, a day after the glacier burst in Uttarakhand's Chamoli district.
The minister said that damages caused to the project were estimated at around Rs 1,500 crore, but ruled out any chances of the project being scrapped. The overall cost of the project is Rs 13,500 crore.
Lakhs of tonnes of silt is deposited at the project site, and the time it will take to desilt it has put a question mark on the project's commissioning in 2023, Singh told media sources.
NTPC stated that 120 workers were on the roster at the NTPC project, while three bodies have been recovered from the site till now. Earlier media reports had indicated that the flash floods had washed away the dam and office, accounting for about 60% of the completed construction work. Estimates of damage at that time, on Sunday, stood at Rs 450 crore. Those reports had suggested that between 60% and 70% of the construction may have been lost.
As we reported yesterday, hundreds of workers have been missing and several have been rescued. A news report said 12 workers were trapped in a tunnel in Tapovan, where NTPC鈥檚 project is underway. Miraculously, one of them found that his mobile network was working, and seven hours after being confined in the tunnel Monday evening, the Indo-Tibetan Border Police (ITBP) rescued them. They are under treatment at an ITBP hospital in Joshimath, 25 km away. A massive, round-the-clock rescue operation is underway.
However, differing numbers have been emerging about the number of workers that could be trapped in the 12 ft high, 15 ft wide, 2.5 km long tunnel, which has offshoot tunnels within. Officials told media sources that they estimated that 34 were trapped in the main tunnel, while five could be in the offshoots. Latest figures indicate that at least 18 people have died in the tragic accident, which is now suspected to be an avalanche and not a 鈥済lacier burst鈥�.Image: Four hydro projects including NTPC鈥檚 520 MW Tapovan-Vishnugad project are damaged.Also read: Four hydro projects damaged in Uttarakhand glacier burst
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..