NHPC to ink pact with Myanmar for hydel projects soon

NEW DELHI: State-run NHPC is likely to sign an agreement in a day or two with the Myanmar government for developing two power projects of around 1,800 MW capacity jointly.

The Chairman and Managing Director of NHPC, S K Garg, is already in Myanmar along with senior ministry and other company officials. The memorandum of understanding is most likely to be inked in a day or two, official sources said.

Under the JV, two projects worth about Rs 15,000 crore with a total capacity of 1,800 MW would be jointly developed by NHPC and Myanmar government-owned Department of Hydropower implementation (DHPI).

These include a 1,200 MW Tamanthy and 600 MW Shwzaya projects on Chindwin river. Power from these projects would be transmitted to India through a proposed transmission link via Manipur.