NHPC Ltd, a leading hydropower generation company in India, is embarking on an ambitious plan to invest ₹84,000 crore to establish 20 gigawatts (GW) of pumped storage capacity. This initiative, requiring an overall capital expenditure of around ₹1.2 trillion, will be primarily facilitated through joint ventures. The company is also contemplating the listing of its renewable energy arm, NHPC Renewable Energy Ltd (NREL), within the next two years. NHPC's focus on pumped storage projects is evident through its 20 ongoing projects across various stages of development, with joint ventures established in states like Andhra Pradesh, Maharashtra, Gujarat, Rajasthan, Chhattisgarh, and Tripura. Moreover, NHPC envisions the commercial production and sale of green hydrogen, alongside projects in solar and wind energy. The company has already initiated pilot projects for green hydrogen production in regions like Leh, Kargil, and Chamba. NHPC's core focus remains on hydropower, with aspirations to increase capacity significantly by FY2034. The strategic Siang hydroelectric project aims to enhance national security by providing resistance against potential floods and ensuring water supply downstream, reinforcing NHPC's commitment to sustainable energy development and infrastructure growth.