Excelsior Correspondent
JAMMU, Aug 19: NHPC Limited signed an MoU with Investment Board Nepal (IBN) to develop 750 MW West Seti and 450 MW SR-6 Hydroelectric Projects in Nepal.
The MoU was signed and exchanged by AK Singh, CMD, NHPC and Sushil Bhatta, Chief Executive Officer, IBN at Kathmandu Nepal in the presence of Sher Bahadur Deuba, Prime Minister of Nepal. Cabinet Ministers from Government of Nepal and officials from Indian Embassy in Nepal were also present on the occasion.
Speaking on the occasion, Sher Bahadur Deuba, Prime Minister of Nepal appreciated the cooperation of India in Nepal’s development including in tapping the hydropower potential. He said that the agreement would serve as an important instrument in enhancing Nepal-India energy cooperation.
AK Singh, CMD, NHPC in his address expressed his gratitude to the Government of Nepal, Ministry of Power, Government of India, Ministry of External Affairs, Government of India and Indian Embassy in Nepal for reposing faith in NHPC for development of these Projects. Expressing NHPC’s commitment towards development of West Seti and SR-6 projects, he said that “It’s our history that once we enter a project, we complete it. The development of these projects will boost NHPC’s credentials as a global hydropower player.”
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