New Delhi, Oct 29 : Despite huge opposition, the National Hydro Power Company has inked a Promoter’s Agreement with SJVNL and Government of Manipur for execution of the 1,500 MW Tipaimukh Hydroelectric Project in Manipur.
The Promoter’s Agreement was signed in the presence of Union Power Minister Sushil Kumar Shinde, Manipur Chief Minister O Ibobi Singh by chairman and managing director, NHPC ABL Srivastava here on October 22.
NHPC signed the Promoter’s Agreement with SJVN Limited and Government of Manipur for setting up a Joint Venture Company (JVC) for implementation of the project in Manipur.
The Tipaimukh Hydroelectric Project has been conceived as a multipurpose storage project on the Barak river with the main objective of hydropower generation along with flood moderation of downstream area.
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