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| NHPC signs MoU for implementation of 1500 MW project | | |
Early Times Report
Delhi, May 2: A MoU has been signed amongst NHPC limited, and government of Manipur and SJVN limited for formation of a joint venture of company for implementation of 1500 MW Tipaimukh hydroelectric (multipurpose) project in Manipur NHPC, SJVN limited and government of Manipur shall have a share holding of 69%, 26% and 5% respectively. As per press release the MoU was signed by SK Garg, CMD, NHPC, HK Sharma, CMD SJVN limited and LP Gonmei, principal secretary, (power) government of Manipur, New Delhi. The 1500 MW multipurpose project is located in Churachandpur district of Manipur. The project is conceived as a multipurpose storage project with main objective of hydropower generation alongwith flood moderation of downstream area.
The project is estimated to generate 3800 million units of electricity per annum and likely completion period is seven and a half yearly from CCEA clearance.
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