New Delhi: In a significant development for Indian power sector, NHPC and NTPC have signed a Memorandum of Understanding (MoU) for cooperation in the overseas power sector.

As per the MoU, the two public sector undertakings will work together for taking up project development, capacity building, operation and maintenance (O&M), ring main unit (RMU) and other consultancy assignments outside India.

The MoU was signed by YK Chaubey, Director, (Technical), NHPC and Ujjwal Kanti Bhattacharya, Director (Projects), NTPC recently here. VK Maini, Executive Director (SBD & C), NHPC, Rajneesh Agarwal, General Manager (SBD & C), NHPC, NM Gupta, Head (IBD), NTPC and Rajesh Das, DGM (IBD), NTPC, were also present on the occasion.

The will also work together for establishing collaboration for carrying out feasibility study for new hydro based power plants and related infrastructure, facilities in countries of mutual interest, development of hydro power projects abroad subject to techno-commercial feasibility, collaboration and exchange of information in the areas of mutual interest and collaboration in any other mutually beneficial overseas business opportunity. /BI/