PSU Watch logo

| Domestic air passenger traffic grew 15-16% sequentially in Nov: ICRA |   | Indian Oil Skytanking Ltd to set up fuel farm at Noida International Airport |   | Dilip Buildcon emerges as lowest bidder for ‘OB Removal Contract’ at SECL |   | Omicron update: Govt mandates 'Air Suvidha Portal' for international air travel |   | Coal production increased by 10.35% during Nov 2021 to 67.84 MT |   | DRDO successfully flight-tests short range surface to air missile |  

NTPC & NHPC to jointly explore development of hydropower projects outside India

NTPC Ltd and NHPC Ltd have signed a memorandum of understanding (MoU) for cooperation in power sector and exploring development of hydropower projects
NTPC & NHPC to jointly explore development of hydropower projects outside India
NTPC & NHPC to jointly explore development of hydropower projects outside India
  • As per the MoU, the broad areas of cooperation between NHPC and NTPC will include carrying out feasibility study for new hydropower projects and related infrastructure
  • The two PSUs will also look to take up project development, capacity building, O&M, RMU and other consultancy assignments outside India jointly

New Delhi: State-run NTPC Ltd and NHPC Ltd have signed a memorandum of understanding (MoU) on August 10 for cooperation in power sector and exploring development of hydropower projects and any other mutually beneficial business opportunity abroad. “In a significant development for the Indian power sector, a Memorandum of Understanding (MoU) was signed between NHPC and NTPC for ‘cooperation in overseas power sector.’ The MoU includes taking up of project development, capacity building, O&M, RMU and other consultancy assignments outside India jointly by NHPC and NTPC,” said NHPC in an official statement.

The MoU was signed by YK Chaubey, Director (Technical), NHPC, and Ujjwal Kanti Bhattacharya, Director (Projects), NTPC.

NTPC, NHPC to explore development of hydropower projects

As per the MoU, the broad areas of cooperation between NHPC and NTPC will include establishing collaboration for carrying out feasibility study for new hydropower projects and related infrastructure, facilities in countries of mutual interest, development of hydro power projects abroad subject to techno-commercial feasibility, collaboration and exchange of information in the areas of mutual interest and collaboration in any other mutually beneficial overseas business opportunity.  

ALSO READ

Background

NTPC has increased thrust on hydro development for a balanced portfolio for long-term sustainability. The first step in this direction was taken by initiating investment in Koldam Hydro Electric Power Project located on Satluj river in Bilaspur district of Himachal Pradesh. Other hydro project under construction include Tapovan Vishnugad, Lata Tapovan, Rammam III, THDC-Vishnugad Pipalkoti, THDC-Tehri PSP and NEEPCO-Kameng. In a presentation to its investors, NTPC has said that it is looking to shape its identity as an integrated energy company with global presence by 2032. While power generation will continue to be the mainstay of its business, NTPC is rapidly expanding its footprint in the renewable energy sector.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)