New Delhi: In a significant development for the Indian Power Sector, a Memorandum of Power (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 & NTPC. The MoU was signed by Shri. Y.K. Chaubey, Director, (Technical), NHPC and Shri Ujjwal Kanti Bhattacharya, Director (Projects), NTPC at New Delhi on 10th August 2021. Shri V.K. Maini, Executive Director (SBD&C), NHPC, Shri Rajneesh Agarwal, General Manager (SBD&C), NHPC, Shri N.M. Gupta Head (IBD), NTPC and Shri Rajesh Das, DGM (IBD), NTPC were also present on the occasion.
As per the MoU, the broad areas of cooperation between NHPC and NTPC will include establishing collaboration for carrying out feasibility study for new Hydro based power plants 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.
