India’s state-owned hydropower producer NHPC and Grid Corp. of Odisha (GRIDCO) have agreed to develop 2 GW of pumped storage and 1 GW of solar projects.
NHPC Ltd., India’s largest hydropower developer, has signed an agreement with state-owned Grid Corp. of Odisha (GRIDCO) to develop pumped storage and renewable energy projects in the Indian state of Odisha.
The Ministry of Electricity’s press release stated that the deal includes self-identified pumped storage projects of at least 2 GW and renewable energy projects of at least 1 GW (ground-mounted or floating solar energy).
NHPC’s latest deal follows an earlier agreement with the Maharashtra government to develop four pumped storage projects in Maharashtra with a total capacity of 7,350 MW.
NHPC is also exploring pumped storage projects in Andhra Pradesh, Jharkhand, Karnataka and Madhya Pradesh.