NTPC sees no threat to Joshimath hydel project, says no link between plant & land subsidence

NTPC sees no threat to Joshimath hydel project, says no link between plant & land subsidence
New Delhi: NTPC would not envisage any menace to its under-construction hydropower undertaking in Uttarakhand‘s Joshimath the place giant cracks appeared in lots of of buildings this month.

As per its “understanding, the land subsidence in Joshimath doesn’t have any hyperlink with the undertaking”, the state-run energy utility stated.

“Administration doesn’t envisage any menace to the continuance of the undertaking and is assured {that a} viable answer in reference to the undertaking shall be arrived at in the end,” the nation’s largest energy producer stated in its third-quarter earnings report.

There have been considerations that rampant building may very well be the rationale for the land subsidence in Chamoli district. Building in Joshimath, together with at NTPC’s plant, has been banned since January 5. The matter is at present within the Uttarakhand Excessive Courtroom with the subsequent listening to scheduled for Might this 12 months.

NTPC is executing a 4×130 MW hydroelectric undertaking in Joshimath and has spent ₹6,120 crore to date.

Building at one other 3×57 MW hydropower undertaking close to Kedarnath in Uttarakhand was stalled after devastating floods and landslides in 2013. The case is at present within the Supreme Courtroom, the corporate stated.

It posted a standalone internet revenue of ₹4,476.3 crore for the December quarter, up 5.4% from the earlier 12 months. Standalone income from operations rose 36.8% to ₹41,411 crore. Working margin fell to 19.7% within the quarter towards 24.4% in the identical interval a 12 months in the past. Its whole put in capability on a consolidated foundation elevated to 71,544 MW.

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