Indian Public Sector Hydro power company, NHPC has signed a MoU (Memorandum of Understanding) with GPCL (Gujarat Power Corporation) to invest in Kuppa pumped hydro storage project of 750 MegaWatt (MW) capacity.
The MoU was signed in Gandhinagar, Gujarat under the aegis of Vibrant Gujarat summit – 2024.
On speaking to this, NHPC says, “As per terms of the MoU, NHPC shall invest an estimated ₹4,000 crore in the proposed 750 MW Kuppa Pumped Hydro Storage Project at Chhota Udaipur, Gujarat”
Also it adds, “This MoU intends to contribute towards the national goal of clean & green energy that is 500 GigaWatt (GW) of renewable energy by 2030 and Net Zero target by 2070”.
NHPC and the state government planning to develop & utilize the Kuppa pumped hydro storage project as an effective solution for energy storage. The development of this project will generate a significant employment opportunities & boost the local economy in the surrounding area.
Currently NHPC has a total installed capacity of 7, 097.2 MV of renewable energy including wind & solar energy sources in the course of its 25 power stations that comprises 1,520 MW through subsidiaries. Furthermore, NHPC is engaged in the implementation of 15 projects with a collective installed capacity of 10,449 MW.
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