THDC India Ltd, a mini ratna company, has outlined it's plans to invest in Renewable energy, by focusing on Solar Power. As a part of this plan, the company will invest Rs 800 crore in the state of Uttar Pradesh.
As the part of the plan, the company will work with UP government and is planning to set up a 100 MW of Solar Power Plant. D V Singh, Technical director of THDCIL, which is a joint venture of the Central and the state government said “We are in advance
stage of negotiations with the Uttar Pradesh government for harnessing
solar power,” Singh also added though the company is initially planning to utilize the Solar resource in UP alone, they are also planning to enter other states in later stage, reported Business Standard.
The 100MW Solar Project is expected to Utilize Solar Module manufactured by BHEL, also BHEL is expected to provide other BOS Technologies as well.
Why THDCIL entering the Solar Market
THDCIL, is a core hydropower company, but due to the cancellation of Hydro Projects of THDCIL, all thanks to the environmental and religious concerns, the company has shifted focus to both Coal and Solar and THDCIL recently signed MoU's with the UP state government to set up the 1,320-Mw Khurja super
thermal power plant in Bulandshahar area. This will be the THDCIL’s maiden foray into thermal power business.
