GRIDCO and NHPC Ink Treaty for Development of Pumped Storage and Renewable Energy Projects
The MoU intends of establishing self-identified pumped storage projects of around 2,000 MW capacity and renewable energy projects (ground-mounted solar projects/floating solar projects) of about 1,000 MW in the state.
June 26, 2023. By EI News Network
The Grid Corporation of Odisha Limited (GRIDCO) has inked a MoU with the National Hydro Power Corporation (NHPC) for developing pumped storage projects (PSPs) and renewable energy in the state.
The MoU was inked by Panda and executive director, NHPC Rajat Gupta in the availability of additional chief secretary, Energy-cum-GRIDCO chairman Nikunja B Dhal, NHPC director (Projects) Biswajit Basu and other senior officers.
The MoU intends of establishing self-identified pumped storage projects of around 2,000 MW capacity and renewable energy projects (ground-mounted solar projects/floating solar projects) of about 1,000 MW in the state.
According to the agreement, NHPC will explore potential sites for PSPs and renewable energy (RE) projects.
The envisioned RE capacity will expand to the state’s renewable energy portfolio. The PSP capacity will assist in concerning variability and intermittency of RE power generation and support attaining the net-zero ambitions with adherence to renewable purchase obligation (RPO).
GRIDCO, designated as the nodal agency for the implementation of the Odisha Renewable Energy Policy, 2022, has the first right of refusal for availing the capacity based on requirements.
NHPC is the greatest public sector hydropower development organization in India and has diversified in the field of solar and wind energy development.
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