Ministry of External Affairs
New Delhi
[edited by BRN for relevant information]

17. Both leaders identified the power sector as an area of growing cooperation. In this context, the two leaders agreed to cooperate in the implementation of the Tamanthi and Shwezaye projects on the Chindwin River Basin in Myanmar. They welcomed the involvement of M/s NHPC in carrying out the much required additional investigations after the signing of the MoU on Cooperation in Hydro-power Development projects in the Chindwin River Basin in September 2008. Subject to the findings of these additional investigations, the two leaders will endeavour to conclude the Memorandum of Agreement within a year.

18. The Myanmar side conveyed their gratitude for India’s line of credit of US$ 64 million in the transmission lines sector to be executed through M/s. PGCIL. Both leaders also noted the need to provide for inter-grid connectivity between the two countries. They agreed that the two countries shall cooperate in this area, including generation of electricity from renewable sources, and, where necessary, set up joint projects or corporate entities for that purpose.

19. The Myanmar side welcomed the interest of Indian companies in the mining sector. They promised all necessary assistance to enable these companies to explore such opportunities.

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