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Ramesh’s Myanmar visit may aid NHPC

Ramesh’s Myanmar visit may aid NHPC
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First Published: Wed, May 07 2008. 12 14 AM IST

Helping hand: Minister of state for power and commerce Jairam Ramesh.
Helping hand: Minister of state for power and commerce Jairam Ramesh.
Updated: Wed, May 07 2008. 12 14 AM IST
New Delhi: India might finally clear roadblocks for building Myanmar’s 1,200MW hydropower project that has been delayed by more than three years during the commerce and power minister’s visit to that country on 5 June.
Helping hand: Minister of state for power and commerce Jairam Ramesh.
“I am going there to work out trade and commerce relations between the two countries. I will also use this visit as an opportunity to help NHPC get the Tamanti project, the detailed project report for which has been prepared by NHPC. I am aware that there are some difficulties with the project, which will be sorted out,” said Jairam Ramesh, minister of state for power and commerce.
NHPC Ltd, previously known as National Hydroelectric Power Corp. Ltd, is an Indian government enterprise incorporated in 1975 to promote and develop hydropower projects.
Delays in beginning work for the Tamanti project has impacted India’s efforts to improve its diplomatic and economic ties with its neighbour that has rich deposits of natural gas, a fuel that the country desperately needs, as reported by Mint on 27 March.
The minister’s visit is expected to alter the prevailing scenario. He is expected to use the Tamanti project as a lever to secure hydrocarbon equity in Myanmar for Indian public sector oil firms.
Analysts say that since inter-country deals are complex, government-to-government parleys are more viable.
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First Published: Wed, May 07 2008. 12 14 AM IST
More Topics: NHPC | Jairam Ramesh | Myanmar | Power | Commerce |