NHPC’s Chairman and Managing Director, Raj Kumar Chaudhary, announced a ₹5,500 crore investment plan for Bihar’s renewable energy sector during the ‘Bihar Business Connect 2024’ Summit.
The ambitious proposal aims to accelerate the state’s transition to green energy. It focuses on projects such as solar power, floating solar installations, and advanced battery storage solutions.
Focus on Expanding Green Energy Capacity
With Bihar’s current power generation capacity at 9,500 MW, dominated by 9,000 MW of thermal energy, NHPC plans to invest in renewable energy. This move aims to drive significant growth in the sector.
By implementing these projects, the NHPC to invest for ensuring a round-the-clock supply of sustainable power.
Experience in Floating Solar Projects
NHPC has successfully developed floating solar projects in Madhya Pradesh, Kerala, and Odisha, with capacities ranging from 18 MW to 300 MW.
Encouraged by these achievements, the company is eager to replicate similar projects in Bihar.
Seeking Collaboration with the Bihar Government
NHPC emphasized the need for a strong partnership with the Bihar government to bring the investment plan to fruition.
The proposed projects, including floating solar and battery storage solutions, align with the state’s renewable energy potential.
MoU to Formalize the Investment
A Memorandum of Understanding (MoU) between NHPC and the Bihar government is in the pipeline to formalize the investment.
As reported by projectstoday.com, the collaboration is expected to mark a significant step toward sustainable development. It will boost Bihar’s green energy initiatives and contribute to India’s broader renewable energy goals.
