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.

Next Story
Real Estate

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Next Story
Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Next Story
Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement