NEEPCO And GRIDCO Sign MoU To Develop Renewable Energy In Odisha
POWER & RENEWABLE ENERGY

NEEPCO And GRIDCO Sign MoU To Develop Renewable Energy In Odisha

North Eastern Electric Power Corporation Limited (NEEPCO) and Grid Corporation of Odisha Limited (GRIDCO) have signed a memorandum of understanding to jointly identify and develop renewable energy projects across Odisha. The agreement aims to leverage each organisation's strengths to accelerate clean energy deployment in the state, including planning for implementation timelines, resource mobilisation and financing arrangements. The partnership will focus on project development, grid integration and resource assessment, and will support early stage grid studies to ensure feasibility and reliability. The organisations will work with state and central stakeholders and relevant regulatory bodies to align projects with policy objectives.

Under the MoU the partners will undertake joint feasibility studies and site evaluations to assess wind, solar and hybrid potential, together with technical and commercial due diligence. They will explore land assembly, transmission evacuation and necessary environmental and regulatory clearances while engaging with local communities and stakeholders. A joint working group will be constituted to prioritise projects and develop a pipeline for implementation and to coordinate financing and contractor selection. Technical studies will inform project sizing, interconnection arrangements and measures to enhance operational resilience.

The collaboration is expected to strengthen the renewable energy ecosystem in Odisha by improving project bankability, facilitating timely execution and supporting viable off take arrangements. It should support local supply chains, incentivise component manufacturing and provide opportunities for capacity building and skill development in the region. The initiative is framed to contribute to the state's energy transition and to enhance grid flexibility as renewable penetration increases, thereby supporting stable power supplies. Project selection will consider social and environmental safeguards and include mechanisms for community engagement to ensure sustainable outcomes.

Next steps include detailed engineering, financing plans and stakeholder consultations to move selected proposals towards construction readiness. The partners will seek requisite approvals and coordinate with distribution utilities for evacuation planning and operational integration. Progress will be monitored through periodic reviews and a shared governance structure to ensure accountability and timely decision making. The MoU reflects a joint commitment to expand clean capacity and support Odisha's long term energy objectives.

North Eastern Electric Power Corporation Limited (NEEPCO) and Grid Corporation of Odisha Limited (GRIDCO) have signed a memorandum of understanding to jointly identify and develop renewable energy projects across Odisha. The agreement aims to leverage each organisation's strengths to accelerate clean energy deployment in the state, including planning for implementation timelines, resource mobilisation and financing arrangements. The partnership will focus on project development, grid integration and resource assessment, and will support early stage grid studies to ensure feasibility and reliability. The organisations will work with state and central stakeholders and relevant regulatory bodies to align projects with policy objectives. Under the MoU the partners will undertake joint feasibility studies and site evaluations to assess wind, solar and hybrid potential, together with technical and commercial due diligence. They will explore land assembly, transmission evacuation and necessary environmental and regulatory clearances while engaging with local communities and stakeholders. A joint working group will be constituted to prioritise projects and develop a pipeline for implementation and to coordinate financing and contractor selection. Technical studies will inform project sizing, interconnection arrangements and measures to enhance operational resilience. The collaboration is expected to strengthen the renewable energy ecosystem in Odisha by improving project bankability, facilitating timely execution and supporting viable off take arrangements. It should support local supply chains, incentivise component manufacturing and provide opportunities for capacity building and skill development in the region. The initiative is framed to contribute to the state's energy transition and to enhance grid flexibility as renewable penetration increases, thereby supporting stable power supplies. Project selection will consider social and environmental safeguards and include mechanisms for community engagement to ensure sustainable outcomes. Next steps include detailed engineering, financing plans and stakeholder consultations to move selected proposals towards construction readiness. The partners will seek requisite approvals and coordinate with distribution utilities for evacuation planning and operational integration. Progress will be monitored through periodic reviews and a shared governance structure to ensure accountability and timely decision making. The MoU reflects a joint commitment to expand clean capacity and support Odisha's long term energy objectives.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement