0.37 (0.45%) NHPC has signed a Memorandum of Understanding (MoU) with PTC India for sale of power to be generated from upcoming West Seti & Seti River-6 Projects in Nepal at NHPC Corporate Office Faridabad on August 30, 2022.
As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from date of commercial operation of above Projects for onward sale to the State Utilities/Discoms/Bulk Consumers on long term basis in India and neighboring countries. PTC shall also endeavor to sell any untied capacity on medium/short term basis or on power exchanges.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.