New Delhi: NHPC Limited, the largest hydropower development organization in India, has signed a Memorandum of Understanding with GRIDCO Odisha, for the development of pumped storage projects (PSPs) and renewable energy in Odisha.

The MoU envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (ground-mounted solar projects/floating solar projects) of at least 1,000 MW in the state.

The MoU was signed on 23rd June, 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda in the presence of Additional Chief Secretary, Department of Energy, Government of Odisha-cum-Chairperson, GRIDCO, Nikunja B Dhal; Director (Projects), NHPC Limited, Biswajit Basu; and other senior officers of both organizations. /BI/