Excelsior Correspondent
JAMMU, Jan 8: With a view to expand NHPC’s Renewable Energy Projects footprint in the country, a Memorandum of Understanding (MoU) was today signed through video conferencing between NHPC Limited and Indian Renewable Energy Development Agency Ltd. (IREDA).
The MoU was signed by Abhay Kumar Singh, CMD, NHPC on behalf of NHPC Limited and 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.
The NHPC in a handout issued later said that 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 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 tariff with planned commissioning by 2021.
Besides, 155 MW Solar-Terrestrial & Floating capacity is under final stages of 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, the statement added.
It said signing of MoU heralds a transformational opportunity for NHPC and IREDA to work together forming a perfect synergy between both the organisations. IREDA will undertake techno-financial due diligence of renewable energy and energy efficiency / conservation projects for NHPC. It will also serve to facilitate knowledge and technology transfer and provide consultancy and research services, which will contribute to driving sustainable development of the country.
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