PSU PRESS RELEASE
NHPC to invest Rs 3000 Cr on solar wind projects
MUMBAI: State-run National Hydroelectric Power Corporation (NHPC) is planning to invest around Rs 3,000 crore over the next five years to set up solar and wind projects across the country.
The company is looking at opportunities in states like Maharashtra, Andhra Pradesh, Kerala, Uttar Pradesh and Tamil Nadu, among others.
After expanding our presence in the hydro sector, we now want to diversify into solar and wind sectors as well. We are looking at opportunities and plan to invest around Rs 3,000 crore over the next five years to set up solar and wind projects across the country," NHPC Director (Technical) Balraj Joshi told over phone
Joshi further said the company had not planned to set up 600MW floating solar project at the Koyna complex project, as reported earlier, but has proposed to develop 400MW pumped storage project, which will be developed on solar hybrid model.
Pumped storage projects store and generate energy by moving water between two reservoirs at different elevations.
On the solar front, the company has signed an MoU with Solar Energy Corporation of India (SECI) to set up projects to the tune of 250MW.
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