THDCIL signs MoU with RECL to develop 10,000 MW solar projects

Tehri Hydro Development Corporation India Limited (THDCIL) has signed a MoU with Renewable Energy Corporation Limited (RECL) for the development of large solar power projects with a total capacity of 10,000 MW in Rajasthan. Under the agreement, 5 solar parks of 2000 MW each will be constructed in five different cities of Rajasthan. The project will be completed in five years at a cost of Rs 400 billion. 

Under the agreement, THDCIL will develop a special purpose vehicle with RECL as a joint venture company to develop renewable energy parks. With THDC India Limited’s intention to engage in the energy sector, it is projected that approximately 10,000 direct and indirect job opportunities will be produced during the peak construction period, benefiting the local economy.

THDC has a present capacity of 1587 MW through three hydro, two wind and one solar power plant. By the end of 2024-25, the CPSU aims to install 4351 MW. It has already begun construction on a solar park with a capacity of 2000 MW in Rajasthan and 1500 MW in Uttar Pradesh. THDC is also involved in implementation of a green hydrogen project in line with the ‘National Green Hydrogen Mission.’

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