NHPC Limited and Government of Bihar to Invest INR 5,500 Crore in Solar and Green Hydrogen Projects
Key Ideas
- NHPC Limited and the Government of Bihar have signed an agreement for the investment of INR 5,500 crore in solar and green hydrogen projects, creating 800 job opportunities.
- The total capacity to be developed is 1,000 megawatts, contributing to the state's renewable energy goals.
- NHPC's current total installed capacity includes hydro, solar, and wind energy projects, showcasing a diversified energy portfolio.
- The initiative signifies a significant step towards sustainable energy development in Bihar, aligning with the country's green energy objectives.
NHPC Limited and the Government of Bihar have entered into an agreement to invest INR 5,500 crore in developing solar and green hydrogen projects in the state. This investment aims to fund the construction of facilities with a total capacity of 1,000 megawatts, providing a substantial boost to Bihar's renewable energy sector. The deal is anticipated to generate around 800 job opportunities, contributing to employment growth in the region. NHPC's existing portfolio consists of 7,232.90 megawatts of installed capacity, including hydro, solar, and wind power projects. This new investment underscores the company's commitment to diversifying its energy sources and supporting sustainable initiatives. The collaboration between NHPC and the Government of Bihar marks a significant milestone in advancing green energy in the state, aligning with India's broader sustainable development goals.