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UP to sign deal with Tehri Hydro for Rs 2,400 cr solar energy plant

A joint venture will be created to develop the power project

Hydroelectric power plant
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The developer will offer competitive tariffs even before the solar power plant is completed and the solar energy is available for evacuation by the nearby transmission lines

Virendra Singh Rawat Lucknow
Targetting renewable energy capacity of 10,700 megawatt (mw) by 2022, the Uttar Pradesh government will sign a memorandum of understanding (MoU) with THDC India Limited (formerly Tehri Hydro Development Corporation Limited) for setting up of a 600 mw solar power plant.

Entailing an investment of about Rs 2,400 crore, the solar power project will come up under the UP Solar Energy Policy 2017 and the contours of the Ultra Mega Renewable Energy Power Park (UMREPP) scheme of the union new and renewable energy ministry.

THDC India Limited will sign an agreement with state nodal agency UP new and renewable energy