NHPC inks initial pact with Nepalese utility to develop 480 MW Phukot Karnali hydro project
State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for developing a 480 MW Phukot Karnali hydroelectric project.
“On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal,” a company statement said.
The Nepal Prime Minister is on a four-day visit to India, which began on Wednesday.
