Damdoar Valley And NHPC Join Hand For Hydro Power Project
Hydropower firm NHPC and power generator Damodar Valley Corporation (DVC) have joined hands to explore the possibility of forming a joint venture firm for setting up hydro power and pump storage projects. In a regulatory filing, the firms said that the MoU heralds a new dawn in cooperation between the two power sector organizations in jointly harnessing the hydropower and pump storage projects as energy storage solutions.
This cooperation is in line with the national objective of Energy Transition i.e 500 GW of renewable energy by 2030 and net zero by 2070.
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