New Delhi [India], June 1 (ANI): India and Nepal signed a Memorandum of Understanding (MoU) in New Delhi at present for the event of the Phukot Karnali Hydro-Electric Project (480MW) in Nepal.
The MoU was signed within the presence of Prime Minister of India Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House in New Delhi.
“NHPC Limited (A Govt. of India Enterprise) and Vidhyut Utpadan Company Limited (VUCL), Nepal signed an MoU (Memorandum of Understanding) in New Delhi today for the development of Phukot Karnali Hydro Electric Project (480MW) in Nepal,” the Ministry of Power stated in an official assertion.
RK Vishnoi, CMD, NHPC and Surya Prasad Rijal, MD, VUCL, Nepal exchanging MOU paperwork for the event of Phukot Karnali Hydro Electric Project within the presence of PM Narendra Modi and his Nepalese counterpart Pushpa Kamal Dahal ‘Prachanda’ within the nationwide capital.
“NHPC Limited, a Schedule ‘A’ Enterprise of the Government of India with ‘MINI RATNA’ status, is a premier PSU in India for the development of hydropower and Vidhyut Utpadan Company Limited (VUCL), Nepal is responsible to develop, build, own and operate large-scale hydropower projects in a public-private partnership model in Nepal,” the official launch learn.
RK Vishnoi, Chairman and Managing Director of NHPC, and Surya Prasad Rijal, Managing Director of VUCL, signed the MOU. The signing of this MOU represents a watershed second within the India-Nepal Joint Vision for Power Sector Cooperation.
The undertaking will, notably use the stream from the Karnali River for energy era and the generated energy will likely be fed into the built-in energy system of Nepal.
The put in capability of the undertaking shall be 480 MW with a median annual era of about 2448 GWh.
The key options of the undertaking are a 109-metre-high RCC dam and an underground powerhouse the place the 06 generators of 79 MW every shall be housed. Additionally, to make the most of minimal environmental launch one Surface Power House of 6 MW capability i.e. two machines of three MW every can be deliberate, the press launch added.
Earlier at present, in a particular press briefing on the go to of Nepal PM Pushpa Kamal Dahal ‘Prachanda’ to India, Foreign Secretary Vinay Kwatra stated, “The two leaders engaged in fairly comprehensive, constructive and future-oriented discussions directed towards taking the India-Nepal bilateral relationship forward in a constructive, progressive and beneficial manner for both our societies.”Speaking on the signing of MoUs and different agreements, Kwatra acknowledged that an MoU was signed for the event of the 480 MW Phukot Karnali hydropower undertaking in Western Nepal by NHPC India.
“As regards our generation, an MoU was signed for the development of 480 MW Phukot Karnali hydropower project in Western Nepal by NHPC India. Further, the signing of the project development agreement for the 679 megawatt Lower Arun Project by India’s Satluj Jal Vidyut Nigam (SJVN) was welcomed by the two Prime Ministers,” the Foreign Secretary stated, addressing the media after India-Nepal bilateral talks.
The funding proposal from SJVN value 92.68 billion Nepali Rupees was given approval within the 53rd assembly of the Investment Board chaired by Nepal’s Prime Minister Pushpa Kamal Dahal in April this yr.
During the assembly, each Prime Ministers additionally expressed their dedication to reaching tangible and time-bound progress on Pancheshwar Multipurpose Project, the Foreign Secretary added. (ANI)