State-owned NHPC Ltd on 23 June 2023, has signed an MoU with GRIDCO, the state utility of Odisha for development of renewable projects in the state.
The MoU was signed for the development of 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. NHPC will set up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state.
The MoU was signed by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda.
