nhpcThe power utility major Orissa Hydro Power Corporation Ltd on Thursday signed a MoU with Orissa government and National Hydro Power Corporation Ltd to set up hydro-power plant of 320 MW jointly with an investment of about Rs 2600 crore. The MoU signifies the formation of a Joint Venture Company (JVC) between Orissa Hydro Power Corporation Ltd. and NHPC Ltd. for implementation of Sindol-I (100 MW), Sindol-II(100 MW) and Sindol-III (120 MW) Hydro Electric Project in the first phase with annual energy generation capacity of 1090 million units [MU].
The MoU was signed by emery department secretary G Mathivathanan, OHPC managing director, Sahadev Khatua and NHPC chairman and managing director, A B L Srivastav in the presence of chief minister Naveen Patnaik and others.Orissa will get 12% free power from the generation of electricity from this project and 1% of the cost of power generated will be spent on peripheral development activities. OHPC has an nstalled hydro power capacity of 2062 MW.
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