(T.E.T)
State-owned hydro power giant NHPC has incorporated a wholly-owned subsidiary for clean energy business, including green hydrogen. As per a BSE filing, the new company – NHPC Renewable Energy Ltd — was registered with Registrar of Companies, NCT of Delhi & Haryana, on February 16, 2022.
The development comes against the backdrop of the government’s focus on renewable energy and target of 500 GW of clean energy by 2030. The government on Thursday unveiled the first part of the much-awaited National Hydrogen Policy, allowing free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia, among other things. State-owned NTPC has already incorporated NTPC Renewable Energy Ltd for its expansion in clean energy space.
Currently, NHPC’s total installed generation capacity is 7071 megawatt (MW) which includes 100 MW of solar/ wind energy-based plants. Another 5,999 of hydro and 105 MW of solar plants are under construction, it stated. NHPC is expanding its renewable energy portfolio and has taken up several projects under different modes, which are under the tendering / development stage. Recently, NHPC signed a Letter of Intent with Rajasthan Renewable Energy Corporation Ltd (RRECL) for development of 10,000 MW renewable energy projects / parks in Rajasthan, it stated.
