Ministry of Power conveys concurrence for formation of JV Company between NHPC and GEDCOL

The JVC is for the implementation of Floating Solar Power Projects in various water reservoirs in the State of Odisha.

Oct 11, 2021 10:10 IST India Infoline News Service

NHPC
NHPC Limited informed the exchanges Friday that the Ministry of Power (MoP) has conveyed the concurrence of the Department of Investment and Public Asset Management (DIPAM) regarding the proposal for the formation of a Joint Venture Company (JVC) between NHPC and Green Energy Development Corporation of Odisha Limited (GEDCOL) for implementation of Floating Solar Power Projects in various water reservoirs in the State of Odisha.

“The proposal for formation of above JV Company also has the concurrence of NITI Aayog,” the company said in a regulatory filing on Friday.

At around 11.02 am, NHPC Ltd was trading at Rs30.90 per piece up by Rs0.3 or 0.98% from its previous closing of Rs30.60 per piece on the BSE.

Related Story

Open Free Demat Account (Rs699)