KPCL and THDCL signs pact for power projects worth Rs 150 billion in Karnataka

The Karnataka Power Corporation Limited (KPCL) and Tehri Hydro Development Corporation Limited (THDCL) have signed a memorandum of understanding (MoU) to develope various power projects.

The projects will include hydro, solar comprising floating and ground mounting, and pumped storage projects. These projects, once finalised, will lead to an investment of more than Rs 150 billion in Karnataka by THDCL. The MoU pertains to the development of a 100 MW floating solar photovoltaic (PV) plant at the Kadra Dam reservoir in Uttara Kannada district and the establishment of 170 MW ground-mounted rooftop solar PV plant on the premises of KPCL plants and a 1,500 MW pumped storage plant at Varahi in Shimoga district.