NHPC on Tuesday signed an initial pact with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility. “A Memorandum of Understanding (MoU) has been signed between NHPC and BEL for setting up of gigawatt scale vertically integrated solar manufacturing unit,” a BSE filing said.
The MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL.
State-owned hydropower giant NHPC has an installation base of 7,071.2 MW from 24 power stations, including two projects in JV mode.
It is engaged in the construction of 11 projects, aggregating to a total installed capacity of 7,539 MW.
During 2021-22, NHPC power stations achieved generation of 24,855 MU (million units).
Last fiscal, NHPC reported ₹8,181 crore as income from sale of power with a net profit of ₹3,538 crore.v
