NHPC calls private power companies to float joint ventures

New Delhi: State-owned NHPC Ltd has called private power companies implementing hydro power projects to form joint ventures.

The company floated an expression of interest on Wednesday inviting independent power producers having allocated hydroelectric power plants to form joint ventures for implementing the projects.

A company official said NHPC aims to tap on its expertise in implementing hydroelectric projects by assisting private companies.

Private firms like Reliance Power, Jaypee Group and GMR Energy have bagged hydro power projects across various states like Arunachal Pradesh, Himachal Pradesh and Jammu and Kashmir.

The last date for submission of technical bids is October 14, 2013.

NHPC is currently implementing 10 hydroelectric projects totalling over 4500-mw.