DECEMBER 9, 2022
Governance

NHPC signs MoU with Gujarat Power Corporation for 750 MW Kuppa Pumped Hydro Storage Project

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New Delhi: In a stride towards sustainable energy, NHPC has inked an MoU with Gujarat Power Corporation Limited, Government of Gujarat, to invest approximately Rs. 4000 crores in the proposed 750 MW Kuppa Pumped Hydro Storage Project in Chhota Udaipur, Gujarat. 

The strategic partnership aims to leverage pumped hydro storage as a solution for energy storage, fostering employment opportunities and stimulating the local economy. 

The signing took place during the "Vibrant Gujarat" event on January 3, 2023, in the presence of Chief Minister Bhupendra Patel and Energy Minister Kanubhai Desai, aligning with the national goal of achieving 500 GW of renewable energy capacity by 2030 and a "Net Zero" target by 2070.

 

This story has been sourced from PIB.