NHPC to invest Rs 55 billion in Bihar’s renewable energy sector

NHPC Limited plans to invest Rs 55 billion in Bihar’s renewable energy sector to support India’s energy transition. 

The company is set to sign a memorandum of understanding with the state government for projects including solar power, floating solar, and battery storage solutions. 

NHPC highlighted the potential for renewable energy projects with battery storage to ensure round-the-clock green power supply.

NHPC has sought the state government’s support in expediting approvals and land acquisition, citing delays faced by SJVN’s renewable energy projects in Bihar as an example of existing challenges.