NTPC Tapovan project estimated to suffer massive losses
POWER & RENEWABLE ENERGY

NTPC Tapovan project estimated to suffer massive losses

The National Power Thermal Corporation Ltd (NTPC) has suffered an estimated loss of Rs 1,500 crore at its  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’s 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 “glacier burst”.

Image: Four hydro projects including NTPC’s 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  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’s 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 “glacier burst”.Image: Four hydro projects including NTPC’s 520 MW Tapovan-Vishnugad project are damaged.Also read: Four hydro projects damaged in Uttarakhand glacier burst

Next Story
Real Estate

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Next Story
Infrastructure Transport

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Next Story
Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement