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NHPC signs MOU with HIDCL , Nepal for development of hydropower projects in Nepal

(Faridabad)NHPC Limited, India’s premier hydropower company has added yet another feather to its cap by signing a Memorandum of Understanding with Hydropower Investment and Development Company Limited, the premier organization for jointly developing hydropower projects in Nepal. Owing to the ongoing COVID 19 pandemic situation and restrictions, the MOU was signed through video conferencing between NHPC Corporate Office at Faridabad and HIDCL Office at Kathmandu, Nepal on 22nd June 2020 and was attended by senior management from both sides. This exemplifies the continuous efforts being made at NHPC to ensure continuity of business operations and efforts to increase the business footprint at all times.    In the continuous efforts to increase our geographic footprint and for sharing the hard-earned expertise of harnessing hydropower in the Himalayas with fellow stakeholders in the region for mutual benefit and regional prosperity, NHPC under the stewardship of CMD, Shri A.K. Singh has embarked on a strategic mission to increase inter-regional cooperation with Nepal. The signing of the MOU marks the fruition of yearlong efforts during his tenure as erstwhile ED-RE&C and now as CMD to forge collaborations with Govt. entities in Nepal for taking up the development of hydropower projects in Nepal. It would be worthwhile to mention here that both organizations had shared “Letter of Intents” for the purpose during Power Summit, 2019 held at Kathmandu, Nepal in Nov’2019.

The exemplary initiative like the signing of an MOU between two government entities of India and Nepal during these difficult times seeking to increase inter-regional cooperation will definitely help in bolstering the deep relations between both neighbours. NHPC is committed in its resolve to provide clean power to every home.

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