NHPC Limited Signs Landmark Agreement for Solar and Hydrogen Projects in Bihar
Key Ideas
  • NHPC Limited to invest 660 million USD in solar and green hydrogen projects in Bihar, aiming for a total capacity of 1,000 MW.
  • The initiative will create 800 local jobs, boost Bihar's economy, and support India's energy transition.
  • Bihar's high solar potential makes it a strategic player in India's carbon neutrality goals, enhancing cooperation with NHPC for green projects.
  • The investment reflects joint efforts in India to meet climate goals, reduce greenhouse gas emissions, and promote energy security.
NHPC Limited, a prominent player in the Indian energy sector, has sealed a significant deal with the government of Bihar to invest 660 million USD in solar and green hydrogen projects. The strategic move aims to develop a combined capacity of 1,000 MW in Bihar, contributing to India's journey towards sustainable energy sources. NHPC's commitment to innovation and green infrastructure will not only drive the energy transition in the region but also create around 800 local job opportunities, bolstering Bihar's economy. With a current total installed capacity of 7,232.90 MW, NHPC has been actively diversifying into renewable energy, with existing solar and wind projects showcasing its dedication to expanding its green energy portfolio. Bihar, recognized for its high solar potential, plays a crucial role in India's endeavors to achieve carbon neutrality. By collaborating with NHPC on green initiatives, the state government is not only enhancing its partnership with private entities but also working towards reducing greenhouse gas emissions and enhancing energy security. This substantial investment emphasizes the collective commitment of India and its industrial partners towards meeting climate targets and driving regional development in tandem with environmental sustainability.
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