A memorandum of understanding (MoU) was signed today in New Delhi between Himachal Pradesh government, NTPC and NHPC for setting up Hydro Engineering College in the State. This is first of its kind joint venture in the Country. The MoU was signed in the presence of Union Health Minister Sh. J.P. Nadda, Union Minister of State (Power) Sh. Piyush Goyal and HP Transport and Technical Education Minister Sh. G.S. Bali.
This ambitious project with the financial support of NHPC and NTPC would be set up at Bandla in Bilaspur District at the cost of Rs. 125 crores for which both the Corporations have committed to contribute Rs. 37.50 crores each in the first phase and Rs. 25 crores each in the second phase.
The Union Health Minister Sh. J.P. Nadda assured the Power Ministry that all possible support would be extended for timely completion of this project. He informed that Prime Minister Shri Narendra Modi would soon visit the State to lay foundation stone of the project.
The Union Minister of State (Power) Sh. Piyush Goyal said that this Engineering College would not only provide cheap and quality engineering education to the youth of Himachal Pradesh but also set up an example of participation in the Country. He said that initially five disciplines having 60 seats each would be started in this college.