NHPC Plans Rs. 5,500 Crore Investment in 1,000 MW Solar Project in Bihar
Key Ideas
- NHPC, a leading hydropower company in India, announced a significant investment of Rs. 5,500 crore to establish a 1,000 MW solar power project in Bihar.
- The project is expected to be completed within 1.5-2 years from the date of land acquisition, emphasizing NHPC's commitment to renewable energy initiatives.
- NHPC's Chairman and Managing Director, Mr. Raj Kumar Chaudhary, highlighted plans for a green hydrogen project to power passenger buses, aligning with the government's sustainability goals.
- This initiative portrays NHPC's dedication to clean energy solutions and supports India's shift towards sustainable energy sources like solar power and green hydrogen.
NHPC Limited, a prominent hydropower company in India, revealed its intentions to invest Rs. 5,500 crore in setting up a 1,000 MW solar power project in Bihar. The announcement was made by Mr. Raj Kumar Chaudhary, Chairman and Managing Director of NHPC, during the Bihar Business Connect 2024 Investor Summit in Patna. The company aims to complete the solar project within 1.5-2 years from acquiring the land. Additionally, NHPC is venturing into renewable energy by planning a green hydrogen project specifically for producing clean energy to power passenger buses. The company will finance the first hydrogen-powered bus for the Bihar government, demonstrating its commitment to clean energy initiatives. NHPC is also engaged in similar green hydrogen projects in Gujarat and other states. As part of its efforts to promote sustainability, NHPC intends to increase the hydrogen-powered bus fleet as solar energy production grows. This move not only showcases NHPC's dedication to advancing clean energy solutions but also supports the Indian government's push towards adopting sustainable energy sources like solar power and green hydrogen.