NHPC denies offering forest land as collateral to raise funds

NHPC is seeking an NOC from the environment ministry to use Subansiri Lower project assets for future debt financing without offering forest land as collateral. This clarification follows reports of the ministry rejecting a proposal, stating it was not tenable under the Forest Conservation Act.

source https://timesofindia.indiatimes.com/india/nhpc-denies-offering-forest-land-as-collateral-to-raise-funds/articleshow/125919632.cms