NLC India has signed a MoU with GRIDCO (Grid Corporation of Odisha) on 01 December 2022.
The MoU has been signed during the ‘Make in Odisha Conclave 2022’ (MiO Conclave 2022) being organized in Bhubaneswar, Odisha from 30 November 2022 to 04 December 2022. The MoU has been signed for the purpose of setting up ground mounted / floating solar power projects, pumped hydro storage projects, green hydrogen projects and any other renewable projects in the state.
Meanwhile, the investment in the renewable sector is likely to get a booster with the state government announcing ‘The Renewable Energy Policy 2022 Odisha’ during the MiO Conclave 2022. More players from the sector are likely to invest in the state with the favourable guidelines in the recently announced renewable energy policy 2022.