Deal signed to build Tipaimukh dam in India
A joint investment agreement on the construction of Tipaimukh Dam and a hydroelectric project on the Barak river in Manipur of north-eastern India has been signed.
India had earlier promised that it would not take any steps regarding the dam that could harm Bangladesh.
The agreement was signed among NHPC Ltd (formerly National Hydroelectric Power Corporation and India's premier hydropower company), the Manipur state government and another state enterprise SJVN (formerly Satluj Jal Vidyut Nigam Ltd) to form a joint venture company to implement the project, BBC Bangla Service reported yesterday quoting the Manipur government and the spokesperson of a project partner.
A press release on the website of the NHPC says that the agreement was signed on October 22 in presence of the union minister of power of India and Manipur.
As per the agreement, NHPC Ltd, SJVN Ltd and the government of Manipur will have 69 percent, 26 percent and five percent share in the joint venture company.
India started the construction of Tipaimukh Dam on the Barak in 2003 to generate electricity. The construction halted due to national and international uproar and resistance against probable environmental degradation in and outside India. It resumed construction in late 2008.
In joint declarations made after summits between the premiers of Bangladesh and India in 2010 and 2011, Indian Prime Minister Manmohan Singh assured Prime Minister Sheikh Hasina that New Delhi would not take any step regarding their planned Tipaimukh Dam that may harm Bangladesh.
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