Tehri Hydro Development Corporation India Ltd (THDCL) has decided to turn its attention to the abundant resources of solar energy in the country. The firm is said to be diversifying into solar energy business in the Uttar Pradesh (UP) region by investing around Rs 8 billion, according to a Business Standard report.
The company is said to be in talks with the UP government to generate solar power of 100 MW capacity. “We are in advance stage of negotiations with the Uttar Pradesh government for harnessing solar power,” D V Singh, director (Technical) THDCIL, a joint venture of the Centre and the UP government has reportedly said.
Apart from solar power generation, the company has also signed an MoU with the state to set up a 1,320 MW super thermal power plant in Bulandshahar area.
Initially, the THDCIL has decided to foray into solar power business only in Uttar Pradesh. “We are starting from Uttar Pradesh. Later, we can see more such opportunities in other states,” Singh added.
To ensure rapid start-up of solar power generation, the THDCL is on the brink of signing an agreement with the state-run Bharat Heavy Electricals Limited (BHEL) for getting solar panels and other solutions, which is required for harnessing solar power. “BHEL is already manufacturing solar panels at its Bengaluru plant. We will hire the technology from BHEL,” said Singh.
