亚博体育官网首页

NHPC Ltd to set up new vertical for renewable energy development
POWER & RENEWABLE ENERGY

NHPC Ltd to set up new vertical for renewable energy development

NHPC Limited has established a new wholly-owned subsidiary company called NHPC Renewable Energy Limited (NREL) for the development of the company's Renewable Energy, Small Hydro, and Green Hydrogen project.

The subsidiary has been registered with the Registrar of Companies in the National Capital Territory of Delhi and Haryana.

Shri A K Singh, NHPC's CMD, spoke at the event and said that the company's goal is to become a global leader in the development of clean energy.

The formation of NHPC Renewable Energy Limited demonstrates a strong commitment to utilising renewable energy to help reduce carbon emissions and produce clean, green energy. The decision to create a renewable energy subsidiary comes at a time when NHPC, which is primarily a hydroelectric company, is planning to increase the share of renewable energy in its generation portfolio.

In December 2021, the Department of Investment and Public Asset Management and NITI Aayog gave their approval to the formation of a separate renewable energy unit. Renewable Energy Projects will be developed by the subsidiary company either on its own or in collaboration with other agencies through the formation of Special Purpose Vehicles (SPV).

The total installed generation capacity of NHPC is currently 7071 megawatts (MW), with 100 MW of solar and wind energy-based plants. Another 5999 MW of hydro and 105 MW of solar power plants are in the works.

NHPC Ltd is expanding its renewable energy portfolio and has taken on many projects in various modes that are currently in the tendering and development stages. Rajasthan Renewable Energy Corporation Limited (RRECL) and NHPC recently signed a Letter of Intent for the development of 10000 MW of renewable energy projects and parks in Rajasthan.


Also read: NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter

NHPC Limited has established a new wholly-owned subsidiary company called NHPC Renewable Energy Limited (NREL) for the development of the company's Renewable Energy, Small Hydro, and Green Hydrogen project. The subsidiary has been registered with the Registrar of Companies in the National Capital Territory of Delhi and Haryana. Shri A K Singh, NHPC's CMD, spoke at the event and said that the company's goal is to become a global leader in the development of clean energy. The formation of NHPC Renewable Energy Limited demonstrates a strong commitment to utilising renewable energy to help reduce carbon emissions and produce clean, green energy. The decision to create a renewable energy subsidiary comes at a time when NHPC, which is primarily a hydroelectric company, is planning to increase the share of renewable energy in its generation portfolio. In December 2021, the Department of Investment and Public Asset Management and NITI Aayog gave their approval to the formation of a separate renewable energy unit. Renewable Energy Projects will be developed by the subsidiary company either on its own or in collaboration with other agencies through the formation of Special Purpose Vehicles (SPV). The total installed generation capacity of NHPC is currently 7071 megawatts (MW), with 100 MW of solar and wind energy-based plants. Another 5999 MW of hydro and 105 MW of solar power plants are in the works. NHPC Ltd is expanding its renewable energy portfolio and has taken on many projects in various modes that are currently in the tendering and development stages. Rajasthan Renewable Energy Corporation Limited (RRECL) and NHPC recently signed a Letter of Intent for the development of 10000 MW of renewable energy projects and parks in Rajasthan. Image Source Also read: NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter

Next Story
Infrastructure Urban

LANXESS Resin Removes Short-Chain PFAS From Water

Speciality chemicals company LANXESS has launched Lewatit MDS TP 108, a new ion exchange resin designed for the efficient removal of short-chain per- and polyfluoroalkyl substances (PFAS) from water. These PFAS compounds鈥攃haracterised by having three or fewer carbon atoms鈥攁re among the smallest and most challenging to eliminate through conventional water purification methods.Lewatit MDS TP 108 marks a significant advancement in the treatment of contaminated water, particularly where traditional technologies such as activated carbon adsorption fall short. The new resin offers a service life..

Next Story
Technology

Fujifilm Unveils LTO-10 Tape With 75TB Storage

FUJIFILM India, a wholly owned subsidiary of FUJIFILM Holdings Corporation, Tokyo, has launched the 鈥淔UJIFILM LTO Ultrium 10 Data Cartridge鈥� (LTO-10), a magnetic data storage solution offering a maximum recording capacity of 75 terabytes (30 terabytes uncompressed) per cartridge. This product is designed to provide secure, long-term, and cost-effective data storage for enterprises facing rising volumes of critical information.Commenting on the launch, Mr Koji Wada, Managing Director, FUJIFILM India, stated, 鈥淎t FUJIFILM India, we are committed to delivering innovative products that embod..

Next Story
Infrastructure Urban

India鈥檚 Largest Multi Modal Cargo Terminal Opens at Manesar

India鈥檚 largest multi-modal cargo terminal under the Gati Shakti initiative has been unveiled in Manesar, Haryana. This state-of-the-art facility integrates rail and road logistics to streamline freight movement and significantly reduce transportation hassles for businesses across the region.The terminal features expansive storage yards, modern handling equipment for containers, and seamless connectivity to major highways and rail lines. It is designed to cater to a wide range of commodities鈥攆rom bulk goods to manufactured products鈥攕upporting both road and rail operators through centrali..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement