NHPC to take over 120 MW Rangit-IV project in Sikkim

State-owned NHPC on Wednesday inked a definitive agreement for takeover of Rangit-IV hydro power project in Sikkim. The agreement is for implementation of the approved resolution plan for takeover of 120 MW Rangit-IV hydro power project of Jalpower Corporation Ltd (JPCL) in Sikkim, a power ministr y statement said. The agreement was signed between NHPC, Resolution Professional and Secured Financial Creditors (PFC and PNB) in presence of Y K Chaubey, Director(Tech) NHPC; R P Goyal, Director (Finance) NHPC and senior officers from NHPC and PFC, it said.