NHPC Limited announced that an Arbitral Tribunal has pronounced an award of ₹3,92,31,46,740 plus €15,36,530 concerning the Subansiri Lower HE project. This award, dated September 1, 2026, is considered an allowable project cost recoverable through tariff as per CERC regulations. This development updates a previous disclosure from August 14, 2023, regarding significant litigation cases under arbitration.
NHPC Secures Arbitral Award for Subansiri Project
NHPC Limited has disclosed a significant arbitral award pertaining to the Subansiri Lower HE project (2000 MW). An Arbitral Tribunal has pronounced an award on September 1, 2026, in the arbitration matter between M/s BGS-SGS-SOMA and NHPC Limited. The award includes a principal amount of INR 3,92,31,46,740 and an additional €15,36,530.
Project Cost and Tariff Implications
The company clarified that as per the Central Electricity Regulatory Commission (CERC) Tariff Regulations, 2024, the awarded amount is allowable as a project cost. This means it can be recovered through the project’s tariff. This update follows NHPC’s earlier communication on August 14, 2023, regarding changes in the status of material litigation cases under arbitration.
Details of the Awarded Work
The arbitration case was related to the work order for the ‘Construction of diversion tunnels, coffer dams, concrete gravity dam, plunge pool and cut-off Wall (Lot SSL-1)’ for the Subansiri Lower HE project. The originally claimed amount was INR 7,96,86,70,978/- and Euro 28,76,497.44/-.
Source: BSE
