NHPC inks MoU with Maharashtra Government
State-owned NHPC Limited has announced its collaboration with the Department of Energy, Maharashtra government through a Memorandum of Understanding (MoU) on 7 June.
An overview of the news
The primary objective of this partnership is to establish Energy Storage Systems, specifically Pumped Storage Systems, alongside other Renewable Energy Sources like Solar, Wind, and Hybrid, with a total combined capacity of 7,350 MW.
The introduction of energy storage systems, such as Pumped Storage Systems, is crucial for storing excess energy during periods of low demand and utilizing it during peak hours.
These systems play a vital role in ensuring a reliable and uninterrupted power supply.
They contribute to grid stability, enable efficient energy management, and facilitate the integration of intermittent renewable energy sources into the power grid.
By combining pumped storage systems with solar, wind, and hybrid power generation, this collaboration aims to optimize the utilization of renewable energy resources.
NHPC Limited, formerly known as the National Hydroelectric Power Corporation, is a state-owned company in India.
It was incorporated in 1975.
Its objective is developing, operating, and maintaining hydroelectric power projects in India.
It is a government-owned company, with the majority of shares held by the Government of India.
It operates under the administrative control of the Ministry of Power.
Some of its major projects include the Indira Sagar Project in Madhya Pradesh, the Teesta Low Dam Project in West Bengal, and the Parbati Hydroelectric Project in Himachal Pradesh.
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