NHPC & VUCL Nepal sign MoU for Phukot Karnali Hydro Electric Project

06 Jun 2023 CW Team

NHPC Limited, a Government of India Enterprise, and Vidhyut Utpadan Company Limited (VUCL) of Nepal have signed a Memorandum of Understanding (MoU) for the development of the Phukot Karnali Hydro Electric Project in Nepal. The MoU was signed in New Delhi in the presence of Prime Minister Narendra Modi and Prime Minister Pushpa Kamal Dahal 'Prachanda' of Nepal at Hyderabad House. The MoU documents were exchanged by R.K. Vishnoi, Chairman & Managing Director of NHPC, and Surya Prasad Rijal, Managing Director of VUCL. This agreement marks a significant milestone in the India-Nepal Joint Vision on Power Sector Cooperation.

NHPC Limited, a premier Public Sector Undertaking in India for hydropower development, and VUCL, responsible for large-scale hydropower projects in Nepal under a public-private partnership model, will collaborate on the Phukot Karnali Hydro Electric Project. The project will harness the flow of the Karnali River for power generation, with a total installed capacity of 480 MW and an average annual generation of about 2448 GWh. It will be integrated into Nepal's power system.

The project features a 109 m high RCC dam and an underground power house that will accommodate six turbines of 79 MW each. Additionally, a Surface Power House with a capacity of 6 MW, consisting of two machines of 3 MW each, is also planned to ensure minimal environmental impact. The Phukot Karnali Hydro Electric Project follows a Peaking Run-of-River (PRoR) type scheme. This collaboration between NHPC and VUCL signifies the commitment of both countries towards sustainable energy development and strengthens the bilateral ties between India and Nepal. The project's successful implementation will contribute to Nepal's energy security and support its economic growth.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..