NHPC sets up Small Hydro and Green Hydrogen Projects

NHPC Limited has set up a new wholly owned subsidiary company namely “NHPC RENEWABLE ENERGY LIMITED (NREL)”, for development of Renewable Energy, Small Hydro and Green Hydrogen based business of NHPC Ltd. The Subsidiary has been incorporated with the Registrar of Companies, NCT of Delhi & Haryana. On the occasion, A.K. Singh, CMD, NHPC said that NHPC has envisaged to become a global leading organization for sustainable development of clean power. The incorporation of NHPC Renewable Energy Limited shows our deep commitment towards tapping Renewable Energy which helps in reduction of carbon emissions and in producing clean and green energy. The decision of setting up a subsidiary for renewable energy comes at a time when NHPC which is predominantly a Hydro player, plans to increase the share of renewable energy in its generation portfolio.

Earlier, the formation of the separate renewable energy unit got the nod of Department of Investment and Public Asset Management and NITI Aayog in December ‘2021. The Subsidiary Company shall develop Renewable Energy Projects either in Stand-alone mode or through formation of Special Purpose Vehicles with collaboration of other agencies.

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