NHPC Ltd to Invest in Solar Power Facility in Bihar with Green Hydrogen Initiative
Key Ideas
  • NHPC Ltd plans to invest Rs 5,500 crore in a 1,000 megawatt solar power facility in Bihar, emphasizing their commitment to renewable energy.
  • The project, formalized through a Memorandum of Understanding with the state government, is expected to be operational within 1.5 to 2 years.
  • NHPC is also looking into producing green hydrogen to power passenger buses, starting with one bus and potentially expanding with increased solar power output.
NHPC Ltd, India's leading hydropower entity, has announced a major investment of Rs 5,500 crore in developing a 1,000 megawatt solar power facility in Bihar. The company's chairman and managing director, Raj Kumar Chaudhary, revealed this initiative during the Bihar Business Connect 2024 investor summit. The project, formalized through a Memorandum of Understanding with the state government, highlights NHPC's dedication to renewable energy. It is expected to be operational within 1.5 to 2 years, subject to efficient land acquisition facilitated by the state authorities. In addition to this solar power project, NHPC is venturing into the production of green hydrogen, an environmentally friendly energy source, to fuel passenger buses. This green hydrogen initiative is part of NHPC's broader strategy to promote cleaner energy sources. Initially, a single bus will be powered by green hydrogen, with the potential for expansion depending on the increased solar power output. This move signifies NHPC's commitment to sustainable energy solutions and reducing the carbon footprint in the transportation sector.
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