Faridabad News, 24 Aug 2021 : With a view to expand NHPC’s Energy Portfolio in Hydroelectric Power Projects development & acquisition of assets through NCLT, an MoU was signed on 24.08.2021 between NHPC Limited and PFC Limited. The MoU was signed by Shri V. K. Maini, Executive Director (SBD&C), NHPC and Shri SubirSaha, Executive Director(Projects- SR, ER&NER, CSP&C),PFC.This occasion was graced by Shri Praveen Kumar Singh, Director (Commercial) along with senior officers of PFC and senior officers of Strategy, Business Development and Consultancy Department of NHPC.
As per MoU, PFC shall provide financial assistance to the projects being developed/ to be developed by NHPC (particularly projects under Joint Venture route) and shall also support NHPC in participation of various bids by providing financial commitment required for taking over the stressed Projects, on case to case basis.
As per MoU, NHPC will provide expert advice on ongoing Hydro projects funded by PFC. NHPC will also undertake O&M activities of Hydroelectric projects taken over by PFC. This MoU will facilitate knowledge and technology transfer towards sustainable development of Green Energy Projects.
