NHPC Limited has planned to sign a memorandum of understanding with the Bihar state government to invest Rs 55 billion in renewable energy projects, including solar power, floating solar installations, and battery storage solutions.
The collaboration aims to enhance Bihar’s renewable energy capacity while ensuring round-the-clock green power supply through advanced battery storage systems. NHPC has also highlighted the significant potential for renewable energy projects with battery storage in the state. Additionally, the company has sought the state government’s support to expedite investments from central public sector undertakings, particularly in securing approvals and land acquisition.