NTPC & NHPC to spend Rs 100 crore in Hydro Engineering College in Himachal
KOLKATA: Government of Himachal Pradesh, NTPC Ltd. & NHPC will jointly sped Rs 100 crore in setting up a Hydro Engineering College in Himachal Pradesh to promote technical education.
To this effect an memorandum of understanding was signed by the three entities on Friday
NTPC & NHPC will each contribute Rs 37.50 crore each (total Rs 75 crore) in the first tranche for setting up the Hydro Engineering College at Badla, district of Bilaspur in Himachal Pradesh.
NTPC & NHPC will be spending an additional Rs 12.5 crore each (total Rs 25 crore) in the second tranche.
Apart from this NTPC and NHPC will also contribute Rs 2.5 crore each ( total Rs 5 crore) per year for five years (total Rs. 25 Crore) towards operating expenses.
Land for the proposed college has already been identified by the government of HP & will be transferred to the society registered for the purpose. NTPC, NHPC and Ministry of Power will be represented in the governing body of the college which will be affiliated to Himachal Pradesh Technical University.