NHPC signs MoU with Damoder Valley Corporation
To form JV for execution of hydro power and pump storage project
NHPC has signed a Memorandum of Understanding (MoU) with Damoder Valley Corporation (DVC) on 20 July 2022 to "Explore formation of Joint Venture company (JVC) for exploring and setting up Hydropower and Pump Storage Projects".The MoU heralds a new dawn in co-operation between the two Power Sector Organization in jointly harnessing the Hydropower Projects and Pump Storage Projects as Energy Storage Solutions in line with the national objective of Energy Transition i.e 500 GW of renewable energy by 2030 and Net Zero by 2070. The MoU envisages joint development of mutually identified projects.
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First Published: Jul 20 2022 | 2:10 PM IST