|Teesta Urja Ltd ("TUL") is developing the 6 x 200 MW Teesta Stage - III Hydro Electric Power Project on Teesta River situated in North District of Sikkim, India. This project is a part of overall development of Teesta basin being undertaken by Government of Sikkim (GoS). The project is run of the river designed to generate 5214 Million kWh annually in 90% dependable year. There is a potential upside of Secondary and Excess generation of ~ 563 Million kWh per annum and is expected to operate at an overall Load Factor of 55%. Teesta - III is the largest Public Private Partnership hydro electric project under construction in India till date.
Asian Genco has invested in the equity of Teesta Urja Limited (TUL). Partnering in the 1,200 MW Hydroelectric Power Project are Government of Sikkim, PTC India Limited and Athena Projects Pvt Ltd. The project has already achieved financial closure and is currently in advance stages of construction and is slated for commissioning in 2013.