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.
Read Also : THDC and SJVN Foundation inked MoU to establish High-Performance Academy in Uttarakhand
News Must Read
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device