State-run hydro power generation company NHPC would invest around Rs 15,000 crore for developing two projects in the neighbouring country Myanmar.
"NHPC is preparing detailed project report (DPR) for 1,200 MW Htamanthi and 660 MW Shwezaye Hydro Power Projects on Chindwin River in Myanmar," the company said in a statement.
The cost incurred for producing one megawatt of hydro power is about Rs 8 crore.
Currently, NHPC has 14 operational power stations with a total installed capacity of 5,295 MW. NHPC has commissioned the 14.1 MW Devighat Project in Nepal and 60 MW Kurichu Project in Bhutan on turnkey basis.
The company is providing its technical expertise in the area of hydro power development in countries like Myanmar, Bhutan and Tajikistan.
It is expanding its international operations and is harnessing the hydropower potential available abroad.
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The company is also preparing DPRs for the 670 MW Chamkarchhu-I and 1,800 MW Kuri-Gongri HE projects in Bhutan.
NHPC has resigned signed a Memorandum of Understanding (MOU) with Orissa Hydro Power (OHPC) and Government of Orissa for formation of a Joint Venture Company (JVC) with OHPC to develop three Hydro-electric Projects with a total capacity of 320 MW in the state.