NHPC Ltd, India’s largest hydropower developer, has signed a Memorandum of Understanding with the state-owned Grid Corporation of Odisha (GRIDCO) to develop pumped storage and renewable energy projects in the Indian state of Odisha.
The MoU envisages setting up self-identified pumped storage projects of at least 2 GW and renewable energy projects (ground-mounted or floating solar) of at least 1 GW in the state, stated a power ministry release.
NHPC’s latest agreement follows its MoU with the Maharashtra government earlier this month. As per this MoU, it will develop four pumped storage projects aggregating to 7,350 MW in Maharashtra.
NHPC is also exploring the development of pumped storage projects in the states of Andhra Pradesh, Jharkhand, Karnataka, and Madhya Pradesh.
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