Daily Current Affairs: GK Today- 16 & 17 November 2017

NEA, CTGC sign JV pact for construction of West Seti Hydropower Project

Nepal Electricity Authority (NEA) has signed a joint venture agreement with a Chinese company to construct 750-MW West Seti Hydropower Project. The agreement was signed in Kathmandu by NEA Executive Director Kulman Ghising and representatives of China Three Gorges Corporation (CTGC).

It will be one of the largest reservoir type hydro project in Nepal. The estimated cost of project will be 1.8 billion US dollars. CTGC will have 75% stake in the joint venture and NEA will hold remaining 25%.

The project will be completed in 79 months after start of construction work. West Seti project will be spread over Baitadi, Bajhang, Dadeldhura and Doti districts of Nepal. The initial agreement with CTGC was signed in January this year.

 

NTPC to buy farm stubble at Rs. 5,500 per tonne for use at power plants to encourage farmers not to burn it

Power Minister R K Singh has said that state-run National Thermal Power Corporation Limited will float a tender to buy farm stubble at Rs. 5,500 per tonne to use as fuel at its power plants.

Mr Singh said, through this the farmers can earn around Rs. 11,000 per acre from the sale of stubble or straw pellets. He said, the move will encourage farmers not to burn stubble, which is a main reason of air pollution in Delhi and Adjoining areas. A large number of farmers particularly in Punjab and Haryana are reportedly burning the farm stubble.

 

President inaugurates 37th India International Trade Fair in New Delhi

President Ram Nath Kovind inaugurated the 37th India International Trade Fair (IITF) at Pragati Maidan in New Delhi. The 14-day annual event is organised by the India Trade Promotion Organisation (ITPO).

The theme of the fair is “Startup India Standup India”. Vietnam is the Partner Country, while Kyrgyzstan is the Focus Country. Jharkhand is participating as a Partner State in the event. As many as 7,000 participants from 22 countries will showcase their products ranging from electronics to textiles.