Source: The Sangai Express
Imphal, February 11, 2010:
A Memorandum of Understanding (MoU) for formation of a joint venture company between the Government of Manipur, NHPC Limited and SJVN limited for implementation of Tipaimukh Hydroelectric Multipurpose Project in Churachandpur and Tamenglong districts of Manipur was finalised in a meeting held under the chairmanship of Chief Minister Okram Ibobi on February 10.The MoU will be signed shortly by the State Government�s Principal Secretary (Power), Chairman and Managing Directors of NHPC Limited and SJVN Limited at Imphal.
The cost of the project as per price level of September 2008 is Rs 8138.79 crores.
The equity share participation of the three partners in the joint venture will be 5 per cent for Government of Manipur, 69 per cent for NHPC Limited and 26 per cent for SJVN Limited respectively.
With the finalisation of the MoU and its subsequent signing, the project is likely to be implemented soon, said a press release issued by Principal Secretary (Power) LP Golmei.