NHPC and BHEL join hands for overseas hydroelectric projects
.jpg)
NHPC Ltd, the hydroelectric power developer, and Bharat Heavy Electricals Limited (BHEL), the manufacturer of heavy electrical equipment, have agreed for joint development of hydroelectric projects in overseas markets.
“The company has signed a memorandum of understanding (MoU) with BHEL for undertaking of hydropower projects in overseas markets,” said NHPC in a BSE filing on July 21, 2016. According to the MoU, NHPC will handle the civil engineering work of the projects, while BHEL will look after the electro mechanical package.
Presently, NHPC is engaged in the construction of five projects aggregating to a total installed capacity of 4290 MW including 1000 MW (Pakal Dul HE Project) being executed through JV company. Ten projects of 7151 MW are awaiting clearances and government approval for their implementation including three projects of 1186 MW to be executed through subsidiary/joint venture companies.
BHEL is an integrated power plant equipment manufacturer and one of the leading engineering and manufacturing companies in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, such as power, transmission, industry, transportation (railways), renewable energy, oil & gas, water and defence with over 180 products offerings to meet the needs of these sectors.
Other Latest News
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
A man was arrested from Port Blair in connection with the murder of a TMC leader in Baguiati on the northern fringes of Kolkata, police said on Saturday.
Sanjeev Das, also known as Potla, was killed allegedly in a clash between two factions of the TMC on April 27, they said.
.webp)
.webp)
.webp)
.webp)
.webp)
