Shri RK Vishnoi, CMD, NHPC and Shri Surya Prasad Rijal, MD, VUCL, Nepal exchanged MOU documents for the development of the Phukot Karnali Hydroelectric Project (480 MW) in Nepal in the presence of the Prime Minister of India Shri Narendra Modi and the Prime Minister of Nepal Shri Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House, New Delhi.
NHPC Limited (a Government Enterprise of India) and Vidhyut Utpadan Company Limited (VUCL), Nepal signed a MoU (Memorandum of Understanding) today in New Delhi. for the development of the Phukot Karnali Hydro Electric Project (480MW) in Nepal. The Memorandum of Understanding was signed in presence of Prime Minister of India Shri Narendra Modi and Chief Minister of Nepal Shri Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House In New Delhi
NHPC Limited, a Schedule ‘A’ enterprise of the Government of India with the status of ‘MINI RATNA’, is a leading PSU in India for hydropower development and Vidhyut Utpadan Company Limited (VUCL), Nepal is responsible for developing , build, own and operate large-scale hydroelectric projects in the public-private partnership model in Nepal.
The MOU was traded by Sh. RK Vishnoi, President and Chief Executive Officer, NHPC and Shri Surya Prasad Rijal, Chief Executive Officer, VUCL. The signing of this Memorandum of Understanding is a vital step towards the joint India-Nepal vision on cooperation in the energy sector.
The project will use the flow of the Karnali River for power generation and the power generated will be fed into Nepal’s integrated energy system. The installed capacity of the project will be 480 MW with an average annual production of approximately 2448 GWh. The main features of the project are a 109-metre high RCC dam and an underground power station where the 06 turbines of 79 MW each will be housed. In addition, a 6 MW surface power plant, i.e. two machines of 3 MW each, is also planned to use the minimum environmental release. This project is designed as a Peaking Run-of-River (PRoR) scheme.