NHPC Ltd to Invest Rs 5,500 Crore in Solar Project in Bihar, Eyes Green Hydrogen Bus Initiative
Key Ideas
- NHPC Ltd, India's largest hydropower company, plans to invest Rs 5,500 crore in a 1,000 MW solar power project in Bihar.
- The company is also exploring the production of green hydrogen, with plans to power passenger buses using green hydrogen.
- NHPC's initiative aligns with the government's push for clean energy sources and the promotion of green hydrogen as fuel.
- The project will initially start with one green hydrogen-powered bus and could expand with the increase in solar power production.
NHPC Ltd, India's largest hydropower company, is set to invest Rs 5,500 crore in a 1,000-megawatt solar power project in Bihar. The chairman and managing director, Raj Kumar Chaudhary, announced the investment during the Bihar Business Connect 2024 investor summit in Patna. NHPC aims to complete the solar project within 1.5-2 years after land acquisition, emphasizing the importance of timely land acquisition for solar projects. In addition to the solar project, NHPC is planning to establish a small solar plant to produce green hydrogen, which will be used to power passenger buses. The initiative to promote green hydrogen aligns with the government's focus on clean energy sources. NHPC's green hydrogen-powered bus will be financed by the company and provided to the state government for operation. NHPC has similar projects in Gujarat and other states and plans to expand the green hydrogen initiative as more solar power is generated. The production of green hydrogen, known for its zero carbon emissions, is a significant step towards sustainable and eco-friendly transportation solutions.