In a significant step towards fostering sustainable energy development and ensuring energy accessibility for all, NHPC Limited, a Navratna enterprise under the Government of India, has signed a ‘Intent for Investment’ Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar. The agreement was formalized during the ongoing Bihar Business Connect 2024 (Global Investor Summit), held in Patna.
The MoU was exchanged between Shri R.K. Chaudhary, Chairman and Managing Director of NHPC, and Smt. Bandana Preyashi, IAS, Secretary of the Department of Industries, in the presence of distinguished dignitaries including Shri Vijay Kumar Sinha, Hon’ble Deputy Chief Minister of Bihar, Shri Bijendra Prasad Yadav, Hon’ble Minister of Energy and Planning & Development, and Shri Nitish Mishra, Hon’ble Minister of the Department of Industries and Tourism.
This landmark agreement outlines NHPC’s intent to invest Rs. 5500 crore in developing 1000 MW of Solar Energy and implementing Green Hydrogen (GH2) mobility pilot projects in Bihar. These initiatives are poised to significantly advance the state’s renewable energy objectives and contribute to India’s broader energy transition efforts.
