The move comes amid the company's plan to expand its business overseas. The company is also exploring opportunities for setting up hydropower plants in African countries, given the huge potential of such projects in the region."We are in discussion with the Bhutan government to explore the possibility of forming a joint-venture company for development of hydro projects in Bhutan," the source said."There are opportunities in African countries for hydropower projects. The ministry of external affairs at different points of time have called hydro developers and asked to explore the possibility of developing hydro projects in African countries because there is a lot of potential there," said the executive. "It is all under discussion, nothing has been finalised."NHPC already has an active presence in Nepal with three hydro projects — 624 MW Phukot Karnali, 480 MW Seti River 6, and 800 MW West Seti project. Detailed project reports for the three projects are under preparation. "We expect it will take 1-2 years for approval of other statutory clearances for the Phukot Karnali project and subsequently these projects can be taken up for construction. Power generated from the project will come to India," said the source.

NHPC in talks with Bhutan for hydel JV

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