NHPC Limited has signed an MOU with the Indian Renewable Energy Development Agency (IREDA) for providing assistance in setting up renewable energy (RE) projects for the next 5 years. The agreement was signed in the presence of Abhay Kumar Singh, NHPC CMD, and IREDA, CMD, Pradip Kumar Das.
Under the agreement:
- NHPC will help in the knowledge and technology transfer and provide consultancy and research services.
- NHPC has undertaken an ambitious plan to make a significant impact on the renewable energy landscape of the country.
- Under the plan, NHPC will develop 7.5 GW of renewable energy projects in the next 3 years.
- NHPC has already successfully commissioned a renewable capacity of 102.5 MW on an ownership basis and has contracted 2000 MW as an intermediary procurer basis.
About NHPC Limited:
NHPC Limited is an Indian Hydropower generation company formed in 1975. It was formed with an aim to plan and promote the efficient development of hydroelectric power in all aspects. Later on, NHPC expanded to include other sources of energy such as Geothermal, Solar, Wind, Tidal, etc.