+
NHPC Ltd to set up new vertical for renewable energy development
POWER & RENEWABLE ENERGY

NHPC Ltd to set up new vertical for renewable energy development

NHPC Limited has established a new wholly-owned subsidiary company called NHPC Renewable Energy Limited (NREL) for the development of the company's Renewable Energy, Small Hydro, and Green Hydrogen project.

The subsidiary has been registered with the Registrar of Companies in the National Capital Territory of Delhi and Haryana.

Shri A K Singh, NHPC's CMD, spoke at the event and said that the company's goal is to become a global leader in the development of clean energy.

The formation of NHPC Renewable Energy Limited demonstrates a strong commitment to utilising renewable energy to help reduce carbon emissions and produce clean, green energy. The decision to create a renewable energy subsidiary comes at a time when NHPC, which is primarily a hydroelectric company, is planning to increase the share of renewable energy in its generation portfolio.

In December 2021, the Department of Investment and Public Asset Management and NITI Aayog gave their approval to the formation of a separate renewable energy unit. Renewable Energy Projects will be developed by the subsidiary company either on its own or in collaboration with other agencies through the formation of Special Purpose Vehicles (SPV).

The total installed generation capacity of NHPC is currently 7071 megawatts (MW), with 100 MW of solar and wind energy-based plants. Another 5999 MW of hydro and 105 MW of solar power plants are in the works.

NHPC Ltd is expanding its renewable energy portfolio and has taken on many projects in various modes that are currently in the tendering and development stages. Rajasthan Renewable Energy Corporation Limited (RRECL) and NHPC recently signed a Letter of Intent for the development of 10000 MW of renewable energy projects and parks in Rajasthan.

Image Source

Also read: NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter

NHPC Limited has established a new wholly-owned subsidiary company called NHPC Renewable Energy Limited (NREL) for the development of the company's Renewable Energy, Small Hydro, and Green Hydrogen project. The subsidiary has been registered with the Registrar of Companies in the National Capital Territory of Delhi and Haryana. Shri A K Singh, NHPC's CMD, spoke at the event and said that the company's goal is to become a global leader in the development of clean energy. The formation of NHPC Renewable Energy Limited demonstrates a strong commitment to utilising renewable energy to help reduce carbon emissions and produce clean, green energy. The decision to create a renewable energy subsidiary comes at a time when NHPC, which is primarily a hydroelectric company, is planning to increase the share of renewable energy in its generation portfolio. In December 2021, the Department of Investment and Public Asset Management and NITI Aayog gave their approval to the formation of a separate renewable energy unit. Renewable Energy Projects will be developed by the subsidiary company either on its own or in collaboration with other agencies through the formation of Special Purpose Vehicles (SPV). The total installed generation capacity of NHPC is currently 7071 megawatts (MW), with 100 MW of solar and wind energy-based plants. Another 5999 MW of hydro and 105 MW of solar power plants are in the works. NHPC Ltd is expanding its renewable energy portfolio and has taken on many projects in various modes that are currently in the tendering and development stages. Rajasthan Renewable Energy Corporation Limited (RRECL) and NHPC recently signed a Letter of Intent for the development of 10000 MW of renewable energy projects and parks in Rajasthan. Image Source Also read: NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?