India's THDC to co-develop 2GW renewable plant

This includes a 600MW solar project.

The state government of Uttar Pradesh in India has approved the creation of a joint venture (JV) between Uttar Pradesh New Renewable Energy Development Agency (UPNEDA) and THDC India to develop a 2GW “ultra-mega” renewable power plant in Uttar Pradesh. The joint venture will be 74% owned by THDC India and 26% by UPNEDA.

The renewable project will include a 600MW solar project, which will require an investment of $315m (INR24b). It will be developed under the Uttar Pradesh Solar Energy Policy 2017 and the Ultra Mega Renewable Energy Power Park Scheme overseen by the Ministry of New and Renewable Energy (MNRE).

THDC India, which is a joint venture between the state government of Uttar Pradesh and the federal government of India, was created in 1988 to operate the 2.4GW Tehri hydro power plant. Uttar Pradesh aims to generate 4,300MW from rooftop solar installations.

This article was originally published by Enerdata.