Business India ×
 Climate Change

Energy
Published on: Sept. 1, 2021, 12:31 p.m.
NHPC, PFC join hands to develop hydropower projects
  • The MoU will facilitate the transfer of knowledge and technology for the long-term development of Green Energy Projects

By Business India Editorial

An MoU was signed on August 24, 2021 between NHPC Limited and PFC (Power Finance Corporation) Ltd to expand NHPC's Energy Portfolio in Hydroelectric Power Project Development and Asset Acquisition through NCLT. VK Maini, Executive Director (SBD & C), NHPC, and Subir Saha, Executive Director (Projects - SR, ER & NER, CSP & C), PFC signed the MoU. Praveen Kumar Singh, Director (Commercial), as well as senior officers of PFC and senior officers of NHPC's Strategy, Business Development and Consultancy Department, graced the occasion.

According to the MoU, PFC will provide financial assistance to the projects being developed and those to be developed by NHPC, particularly projects under the joint venture route. It will also support NHPC by participating in various bids and by providing the financial commitment required for taking over any stressed projects on a case-by-case basis.

According to the agreement, NHPC will provide expert advice on the ongoing PFC-funded hydro projects. NHPC will also be in charge of the operation and maintenance of hydroelectric projects taken over by PFC. This Memorandum of Understanding will facilitate the transfer of knowledge and technology for the long-term development of Green Energy Projects


Jobs

A report reveals that more and more countries are creating jobs in renewables

Jobs soar in RE sector

Published on Sept. 27, 2022, 9:50 p.m.

A report reveals that more and more countries are creating jobs in renewables

Finance

Brookfield to invest $2 billion in India

Brookfield’s clean power initiative

Published on Sept. 27, 2022, 9:31 p.m.

Brookfield to invest $2 billion in India

Green Hydrogen

India’s first green hydrogen fuelling station to be ready next May

Leh leads the way

Published on Sept. 27, 2022, 8:10 p.m.

India’s first green hydrogen fuelling station to be ready next May

Renewable Energy

Amazon’s total number of solar rooftop projects in India stands at 41

Amazon bets big on solar farms

Published on Sept. 27, 2022, 7:49 p.m.

Amazon’s total number of solar rooftop projects in India stands at 41

E-MAGAZINE

Company Feature

Classrooms go live, thanks to Airtel

Published on April 5, 2022, 11:25 a.m.

Despite the pandemic, Bharti Foundation has ensured that children are not deprived of learning opportunities

Column

Collaborative excellence

Published on April 4, 2022, 8:53 p.m.

A policy perspective for meeting SDG-9 in low resource setting of developing economies

Column

Innovation and infrastructure

Published on April 4, 2022, 8:10 p.m.

India is well-positioned to become a model of corporate sustainability

Column

‘More for less’

Published on April 1, 2022, 10:12 p.m.

The merger of technology and SDGs – A game-changing win of the era