• Short Summary

    India and Saudi Arabia have signed an agreement that will provide 100 million dollars (GBP60 million sterling) towards two big power stations in India.

  • Description

    India and Saudi Arabia have signed an agreement that will provide 100 million dollars (GBP60 million sterling) towards two big power stations in India.

    SYNOPSIS: The agreement was signed on Thursday (2 June) in New Delhi by the Indian Finance Minister, Mr. H.M. Patel, and the Director General and Vice Chairman of the Saudi Development Fund, Dr. Mahsoun Jalal. This is the first agreement signed between India and the Saudi Development Fund. The money will go towards the cost of building the Srisailam and Nagarjunasagar power stations. The Nagarjunasagar project is scheduled for completion in August, while the first stage of the other station is expected to be operating in March, 1979.

    After signing the agreement, Dr. Jalal went to the Prime Minister's office where he had talks with Prime Minister Morarji Desai. The two new power stations will provide several hundred megawatts towards India's future power needs. The Srisailam project could also provide water for irrigation purposes.

  • Tags

  • Data

    Film ID:
    VLVADCG3Z4KMGEVDN76DOHJ0P7FIB
    Media URN:
    VLVADCG3Z4KMGEVDN76DOHJ0P7FIB
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    03/06/1977
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:02:00
    Time in/Out:
    /
    Canister:
    N/A

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