August 22, 2008

NHPC eyeing to set up projects in Congo and Ethiopia

It is reported that National Hydroelectric Power Corporation is in talks with the governments of Ethiopia and Congo for setting up projects in Africa. It is also expected to take the JV route for its overseas expansion plans.

Mr SK Garg CMD of NHPC said that “We had discussions with the official representatives of the 2 countries in the presence of the power ministry officials and expect to strike some deals soon and it is in the hydro sector only.”

NHPC is already in discussions with Bhutan, Myanmar and Nepal for several projects. While it is yet to get any information from the Nepal and Myanmar governments on the bids it has submitted, it hopes to bag the projects in Bhutan as there are no political hurdles in the country.