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NHPC signs MoU with IREDA

With a view to expanding NHPC’s Renewable Energy Projects footprint in the country, a Memorandum of Understanding was signed on 08.01.2021 through Video Conferencing between NHPC Limited and Indian Renewable Energy Development Agency Ltd. (IREDA). The MOU was signed by Shri Abhay Kumar Singh, CMD, NHPC on behalf of NHPC Limited and Shri Pradip Kumar Das, CMD, IREDA on behalf of IREDA. The occasion was graced by Director (Technical), Director (Finance) and Director (Projects) from NHPC and Director (Technical) from IREDA.

In line with  Prime Minister’s vision of development of 175 GW of Renewable Energy by 2022 and “Aatmanirbhar Bharat” NHPC has undertaken an ambitious plan to make a significant imprint on RE landscape of the country through the development of 7.5 GW of Renewable Energy (Solar-Terrestrial & Floating and Wind) in the next three years. Towards achieving this objective, NHPC has already successfully commissioned renewable capacity of 102.5 MW (Solar-Terrestrial & Rooftop and Wind) on ownership basis and has contracted 2000 MW as Intermediary Procurer basis (Facilitator Mode) at one of the most competitive tariffs with planned commissioning by 2021.

Besides 155 MW Solar-Terrestrial & Floating capacity is under final stages of the award and another 2.9 GW of Solar Capacity (Floating 500 MW and 2400 MW Solar-Terrestrial) are under various stages of development. The geographical spread of these projects is pan India.

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