NHPC incorporates subsidiary for renewable energy biz
Zee News
The development comes against the backdrop of the government's focus on renewable energy and target of 500 GW of clean energy by 2030.
New Delhi: State-owned hydro power giant NHPC has incorporated a wholly-owned subsidiary for clean energy business, including green hydrogen.
As per a BSE filing, the new company -- NHPC Renewable Energy Ltd -- was registered with Registrar of Companies, NCT of Delhi & Haryana, on February 16, 2022.
The development comes against the backdrop of the government's focus on renewable energy and target of 500 GW of clean energy by 2030.
The government on Thursday unveiled the first part of the much-awaited National Hydrogen Policy, allowing free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia, among other things. State-owned NTPC has already incorporated NTPC Renewable Energy Ltd for its expansion in clean energy space.
Later, in a statement issued by Ministry of Power, NHPC CMD A K Singh said,"The incorporation of NHPC Renewable Energy Ltd shows our deep commitment towards tapping renewable energy which helps in reduction of carbon emissions and in producing clean and green energy."
