NHPC’s board has approved the proposal regarding formation of a Joint Venture (JV) Company with Green Energy Development Corporation of Odisha (GEDCOL)) for implementation of 500 MW floating Solar Power Project in various water reservoirs in the State of Odisha. The Board has also accorded its investment approval to contribute initial equity of Rs 7.4 crore by NHPC in the JV Company, to be promoted jointly by NHPC (74%) and GEDCOL (26%). The Board of Directors of Company in its meeting held on November 11, 2021 has inter-alia considered and approved the same.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
