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NEW DELHI: NHPC has inked an preliminary pact to take a position Rs 4,000 crore in 750 MW Kuppa Pumped Hydro Storage Venture at Chhota Udaipur in Gujarat.
Taking a step in direction of clear and inexperienced vitality, NHPC signed a Memorandum of Understanding (MoU) with Gujarat Energy Company (GPCL) for funding in Kuppa Pumped Hydro Storage Venture (750 MW) on January 3, 2024, an organization assertion mentioned.
In line with the assertion, the MoU was signed at an occasion organised on the Secretariat in Gandhinagar underneath the aegis of ‘Vibrant Gujarat’.
Within the presence of Gujarat Chief Minister Bhupendra Patel, and state Power Minister Kanubhai Desai, the MoU was signed by Arun Mahesh Babu, Managing Director, GPCL, and V Srivastava, Govt Director, Renewable Power and Inexperienced Hydrogen, NHPC, the assertion mentioned.
As per the phrases of the MoU, the NHPC shall make investments an estimated Rs 4,000 crore within the proposed 750 MW Kuppa Pumped Hydro Storage Venture at Chhota Udaipur, Gujarat.
The implementation of this challenge will create important employment alternatives and increase the native financial system within the space, the assertion mentioned.
The NHPC Ltd is India’s main hydropower firm with a complete put in capability of seven,097.2 MW of renewable vitality by its 25 energy stations, together with 1,520 MW by subsidiaries.
With inputs from PTI.
The publish NHPC Pledges To Make investments Rs 4,000 Crore In 750 MW Kuppa Hydro Storage Venture first appeared on Newest India information, evaluation and studies on IPA Newspack.
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