NHPC, BEL unite to set up solar equipment manufacturing facility

New Delhi, Aug 23 (KNN) The State-owned hydro energy company, NHPC has signed an agreement with Bharat Electronics Ltd (BEL) to establish a solar equipment manufacturing facility.

The MoU was signed by Biswajit Basu, Director (Tasks), NHPC and Vinay Kumar Katyal, Director (Bangalore Advanced), BEL.

“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.

NHPC has an installation base of 7071.2 MW from 24 energy stations including two projects in JV mode. It is also involved in the construction of 11 projects aggregating to a total installed capacity of 7,539 MW.

Throughout 2021-22, NHPC energy stations achieved era of 24,855 MU (million items).Final fiscal, NHPC reported Rs 8,181 crore as earnings from sale of energy with an internet revenue of Rs 3,538 crore.  (KNN Bureau)