NHPC and DVC to form joint venture company for hydropower and pump storage projects

NHPC Limited and Damodar Valley Corporation (DVC) have agreed to create a joint venture company to explore and develop hydropower and pump storage projects. Both companies are planning to work together for developing hydropower and pump storage projects as energy storage solutions. The MoU calls for the collaboration on mutually identified projects.

Recently in July 2022, NHPC Ltd signed two MoUs for the implementation of “pilot green hydrogen technologies” in the districts of Leh and Kargil in Ladakh. According to the MOU signed for Leh, NHPC will examine the development of a pilot green hydrogen fuel cell-based microgrid. It will include hydrogen generation to fulfill the power requirements of NHPC guest house at Nimmo Bazgo Power Station (Leh) within NHPC premises. Meanwhile, as per the MOU for Kargil, the hydrogen generated will be utilised in fuel cells for mobility which will be enough to run two buses for up to 8 hours in the Kargil area.

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