India’s state-run National Hydroelectric Power Corp. Ltd (NHPC) and Bharat Heavy Electricals Ltd (BHEL) are likely to form a joint venture to set up the 2400MW Tamanti hydropower project in Myanmar. Talks between Myanmar and the Indian companies are in progress. This USD 2.9 billion project, which aims to tap the hydropower potential of the Chindwin River, was shelved in early 2008, three years after NHPC had submitted a feasibility report for a 1200MW project. The company cited previous domestic engagements as the reason for its inability to proceed with the project, which had been scheduled for completion in 2014. The Tamanti project will provide northern Myanmar with irrigation and flood control. India, in return, will obtain the major part of the generated electricity, which will be transmitted through the proposed transmission links between the two countries.