Source: The Sangai Express
Imphal, May 06 2010:
An MoU has been signed amongst NHPC Limited, Government of Manipur and SJVN Limited for formation of a joint venture company for implementation of 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project in Manipur on April 28 at New Delhi, according to a statement issued by Deputy Manager (Admn) NHPC Limited Ksh Joykumar Singh.
The MoU was signed by CMD NHPC SK Garg; CMD SJVN Limited HK Sharma and Principal Secretary (Power), Government of Manipur LP Gonmei.
NHPC Limited, SJVN Limited and Govt of Manipur shall have a share holding of 69 percent, 26 percent and 5 percent respectively.
The 1500 MW Tipaimukh Hydroelectric (Multipurpose) Project is located in Churachandpur district of Manipur, The project is conceived as a multipurpose storage project with the main objective of hydro-power generation alongwith food 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 years from CCEA clearance, the statement added.