NHPC, India’s leading hydropower company, has joined forces with the Global Green Growth Institute (GGGI) to promote clean energy innovations in line with India’s commitment to sustainable development and climate action. On November 28, 2024, the two organizations signed a Memorandum of Understanding (MoU) at NHPC’s Corporate Office in Faridabad. The agreement was signed by Shri V.R. Shrivastava, Executive Director of NHPC, and Shri Soumya Prasad Garnaik, Country Head of GGGI, in the presence of key officials from both organizations, including Shri Uttam Lal, Director (Personnel) of NHPC, and Dr. D.K. Khare, Advisor at GGGI.
Focus Areas of Collaboration
This partnership aims to advance clean energy solutions that will facilitate India’s transition to a low-carbon economy. Key areas of exploration include:
- Agrivoltaics: Integrating solar power with agricultural practices.
- Green Hydrogen: Developing sustainable hydrogen production methods.
- Sustainable Financing: Finding innovative financing solutions for green energy projects.
These efforts align with NHPC’s ongoing research and development initiatives, which are focused on overcoming climate challenges and supporting India’s renewable energy goals.
Commitment to Sustainable Development
Shri Uttam Lal emphasized NHPC’s commitment to adopting innovative clean energy solutions. He noted that the collaboration between NHPC’s expertise in renewable energy and GGGI’s experience in climate resilience would lead to impactful contributions toward a greener future for India.
This MoU also supports India’s broader climate objectives as outlined in the Paris Agreement. Both NHPC and GGGI aim to explore new technologies, integrate renewable energy with agricultural practices, and drive investment in green projects. Together, they plan to deliver scalable and sustainable energy solutions that will benefit communities and support India’s renewable energy targets.
NHPC’s Role in Renewable Energy
As a Navratna enterprise, NHPC continues to expand its portfolio of hydro, solar, and wind projects, reinforcing its position as a leader in India’s energy sector. GGGI, an international organization dedicated to promoting green economic growth in developing countries, will bring its expertise to this vital partnership.
Conclusion
The collaboration between NHPC and GGGI represents a significant step toward advancing clean energy innovations in India. By focusing on sustainable practices and innovative technologies, the partnership aims to support India’s transition to a low-carbon economy and contribute to global climate action efforts.
