Mr Sushil Kumar Shinde union power minister has said that NTPC would be duly compensated for the cancellation of its 600 MW hydro power project at Loharinag Pala in Uttarakhand.

Mr Shinde said that “So far, NTPC has incurred about INR 600 crore on the project and has placed order worth INR 2,000 crore for the equipment. We have got an assurance from the Government that NTPC would be duly compensated.”

On being asked when will the company get the compensation, he said a Cabinet note has to be prepared before and approval has to be sought from the Cabinet for the compensation.

(Sourced from PTI)