New Delhi, Aug. 9 -- A Parliamentary Standing Committee has raised concerns over a nearly 345 per cent cost overrun in NHPC's 2,000 MW Subansiri Lower Hydroelectric Project located on the Assam-Arunachal Pradesh border and recommended tighter monitoring of power projects facing high cost or schedule increases.

The Committee on Public Undertakings, in its 31st Report examining NHPC Limited, said the anticipated completion cost of the Subansiri project has increased to Rs 27,948.52 crore from the original Cabinet Committee on Economic Affairs (CCEA)-approved cost of Rs 6,285.33 crore.

"The most severe case is the 2,000 MW Subansiri Lower HE Project, whose estimated completion cost of Rs 27,948.52 crore represents a 344.66% overrun over th...