Sikkim hydel power's 11.4k cr claim key in climate risk mgmt

State government undertaking Sikkim Urja's Rs 11,400 crore claim for the destroyed 1,200MW Teesta III hydropower project may become a landmark in climate risk management. Reinsurers have capped their liability at Rs 500 crore for Glacial Lake Outburst Floods (GLOF) as these climate change events are considered too significant for...