NTPC & NHPC to spend Rs. 100 crore in Hydro Engineering College in Himachal.

Government of Himachal Pradesh, NTPC Ltd.. & NHPCwill 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.

ET