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