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Business EconomyPosted at: Feb 10 2016 6:49PM


NHPC set to sign pact next week for development of Bhutan project

New Delhi, Feb 10 (UNI) In a move that should further raise NHPC’s overseas profile, the state-owned hydropower major is set to sign a pact for the development of a Bhutan project next week.

“We will sign a memorandum of understanding for the development of the 770 MW Bhutan project on Feb 18,” NHPC Chairman KM Singh said today. “The project will be developed through the joint venture route,” he added.
NHPC expects to bag two more projects. However, negotiations for these projects are currently at preliminary stages.
In India, the company is seriously looking at the option of increasing its generation capacity through inorganic growth.
“Many private hydel projects are stalled and developers want relief. But private players will have to take a dent if they want to sell their projects to NHPC,” Mr Singh said.
These projects have been awarded to private players by state governments. State governments will have to take back these projects from private players and then hand over to NHPC.
“In this regards, NHPC is in talks with state governments of Sikkim and Arunachal Pradesh,” Mr Singh added.
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