Business

NHPC Inks Initial Pact With Nepalese Utility To Develop 480 MW Phukot Karnali Hydro Project

State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for the development of the Phukot Karnali Hydro Electric Project (480MW) in Nepal.

“On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal,” a company statement said.

The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal. The signing of this MOU is a landmark step towards India-Nepal Joint Vision on Power Sector Cooperation.

The Phukot Karnali Hydro Electric Project will harness the flow of the Karnali River for power generation, with the electricity being integrated into Nepal’s power system. The project’s installed capacity will be 480 MW, with an average annual generation of approximately 2448 GWh. Key features of the project include a 109-meter high RCC dam and an underground power house housing six turbines of 79 MW each.

Additionally, a surface power house with a capacity of 6 MW, consisting of two machines of 3 MW each, is also planned to minimize environmental impact. The project follows a Peaking Run-of-River (PRoR) type scheme.

NHPC, a Schedule ‘A’ Enterprise of the government with ‘Miniratna’ status, is ranked as a premier organisation in India for the development of hydropower, and Vidhyut Utpadan Company, Nepal, is responsible to develop, build, own and operate large-scale hydropower projects in a public-private partnership model in Nepal.

(Source ANI)

Bharat Express English

Recent Posts

Delhi High Court Stays Appointment Of Anilkumar Prabhakaran As AIFF General Secretary

The Delhi High Court has stayed the appointment of Anilkumar Prabhakaran as the General Secretary…

1 min ago

MCOCA Case: Delhi High Court To Hear Naresh Baliyan’s Bail Plea On April 9

The Delhi High Court will hear the bail plea of former AAP MLA Naresh Baliyan…

15 mins ago

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

13 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

13 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

13 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

13 hours ago