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NHPC signs Letter of Intent for “Dev. of 10000 MW Renewable Energy Projs./ Parks in Rajasthan”

Feb 8th, 2022 9:22 pm | By | Category: LATEST NEWS

Abhay Kumar Singh,
CMD, NHPC Limited.

NHPC Limited, India’s premier hydropower company and Rajasthan Renewable Energy Corporation Limited (RRECL) signed a Letter of Intent (LOI) for ‘Development of 10000 MW Renewable Energy (RE) Projects/ Parks in the state of Rajasthan’ in the august presence of Ashok Gehlot, Chief Minister of Rajasthan, at Jaipur on 8th February 2022. The LOI was signed by Y.K. Chaubey, Director (Technical), NHPC and Subodh Agarwal, Additional Chief Secretary, Mines & Petroleum Department & Energy Department and Chairman & Managing Director, Rajasthan Renewable Energy Corporation Limited and Chairman, Rajasthan Urja Vikas Nigam Ltd.

Ramlal Jat, Minister of Revenue, Govt. of Rajasthan, Smt. Shakuntala Rawat, Minister of Industry, Govt. of Rajasthan, Bhanwar Singh Bhati, Minister of State for Power (Independent Charge), Water Resources, IGNP, Water Resources Planning, Govt. of Rajasthan and Smt. Usha Sharma, Chief Secretary, Rajasthan were also present on the occasion. Ram Swaroop, Executive Director (Renewable Energy), NHPC and other officers of NHPC were also present.

Under the dynamic leadership of A.K. Singh, CMD, NHPC, the Company is expanding its Renewable Energy portfolio and has taken up several Renewable Energy Projects under different modes. The signing of this Letter of Intent and the support of Govt. of Rajasthan will mark a new beginning to develop 10000 MW Renewable energy Parks/ Projects in Rajasthan which would involve huge investments of around Rs. 20,000 Crore. The Hon’ble Prime Minister in COP-26 had announced that India will go Carbon neutral by 2070 and by 2030 India will generate 500 GW from non-fossil fuel sources which will be 50% of total installed capacity and this initiative of NHPC will be a big milestone in this matter.

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