NHPC and GRIDCO Join Forces for 2,000 MW Pumped Storage & 1,000 MW Renewable Energy Projects in Odisha

26 Jun 2023 , 10:30 AM

NHPC Ltd, a state-owned power company, has entered into an initial pact with GRIDCO Ltd, an Odisha state utility, to collaborate on the development of pumped storage projects and renewable energy initiatives in the state.

The Memorandum of Understanding (MoU) aims to facilitate the establishment of self-identified pumped storage projects with a capacity of at least 2,000 MW, along with ground-mounted and floating solar projects totaling a minimum of 1,000 MW.

This collaboration between NHPC and GRIDCO is expected to drive the growth of clean energy infrastructure and promote sustainable power generation in Odisha.

The MoU was officially signed on June 23, 2023, by Rajat Gupta, Executive Director (Strategy Business Development and Consultancy) at NHPC, and Trilochan Panda, Managing Director of GRIDCO Limited.

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