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State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan.
“A Letter of Intent (LoI) has been signed between NHPC Limited and Rajasthan Renewable Energy Corporation Ltd (RRECL) on February 8, 2022 at Jaipur for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan in the august presence of Chief Minister of Rajasthan Ashok Gehlot,” it said in a BSE filing.
The LoI was signed by Y K Chaubey, Director (Technical), NHPC Ltd and Subodh Agarwal, Additional Chief Secretary, Mines and Petroleum Department and Energy Department, and Chairman and Managing Director, RRECL and Chairman, Rajasthan Urja Vikas Nigam Ltd.
Under the leadership of A K Singh, chairman and managing director of NHPC, the company is expanding its renewable energy portfolio and has taken up several projects under different modes, it added.
The signing of above LoI and the support of Rajasthan government will mark a new beginning to develop 10,000 mw renewable energy projects in Rajasthan.
The Prime Minister in COP-26 had announced that India will go Carbon neutral by 2070 and by 2030 India will generate 500 GW from non-fossil fuel sources which will be 50% of total installed capacity and this initiative of NHPC will be a big milestone in this matter, NHPC further said