Teesta Urja gives 26% stake to Sikkim govt

Teesta Urja, which is developing the 1,200 MW Teesta III in Sikkim, has resolved the long-standing dispute with the Sikkim Government by allocating 26 per cent stake to it, paving the way for speedy execution of the project. This comes at a time when the Sikkim Government has reportedly cancelled four hydropower projects, including the 280 MW Teesta I, due to local opposition and environmental issues.Contact: Teesta Urja.Tel: 011-4652 9700. Fax: 011-4652 9744.E-mail: info@teestaurja.comWebsite: www.teestaurja.com