NHPC, OHPC to set up 12 hydro projects in Orissa
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POWER & RENEWABLE ENERGY

NHPC, OHPC to set up 12 hydro projects in Orissa

01 Dec 2010 1 Min Read CW Staff

NHPC and Orissa Hydro Power Corporation and National Hydro Power Corporation will sign a Memorandum of Understanding (MoU) by the end of December this year to forge a joint venture to develop 12 hydel projects in Orissa. The joint venture company will be formed within three months of signing of the MoU. While NHPC will hold 51 per cent stake in the JV company, the balance 49 per cent will be owned by OHPC.

NHPC and Orissa Hydro Power Corporation and National Hydro Power Corporation will sign a Memorandum of Understanding (MoU) by the end of December this year to forge a joint venture to develop 12 hydel projects in Orissa. The joint venture company will be formed within three months of signing of the MoU. While NHPC will hold 51 per cent stake in the JV company, the balance 49 per cent will be owned by OHPC.

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