India needs to use all the Hydro resources available to achieve the desired target of 500 GIGAWATT : Union Minister RK Singh

In an effort to achieve the goal of installing 500 GW (Gigawatt) of renewable energy by 2030, India needs to use its own water resources, said Union Minister RK Singh. The Minister made the remarks at an event organized to celebrate the 47th Anniversary of PSU NHPC's 47 Growth Day on Sunday.

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"PMO Narendra Modi has set a target of installing 500 GW (gigawatt) of renewable energy by 2030. We will do that instead of exceeding our target. "But to include such a volume of RE capacity we need a source of measurement and that the source of measurement is hydro, the more the role of NHPC becomes. it is important, the Minister said in a statement.

The Minister has instructed the NHPC to use the country's water resources to become one of the world's largest hydropower companies.

"I am pleased that over the past 2-3 years we have made such progress. The projects have been delayed for a long time, you have started them again. (at the dam), all the obstacles are gone. Now the 3,000-MW project will also begin, "said Minister Singh.

Thanking the staff for working with the challenges in bad weather, he called on the NHPC to suspend as much electricity as possible and to bring NHPC to the list of the world's largest power companies.

HYDRO RESOURCES

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NHPC Ltd currently has an installed capacity of 7071.2 MW from 24 power stations including 2 projects in JV mode. In addition, the company is also developing in the solar and wind energy sectors. It has approved 103.13 MW projects for solar projects, solar roof,s and wind power in various parts of India.

NHPC Chairman and Managing Director (CMD) Abhay Kumar Singh said NHPC is currently working on projects up to 6,000 megawatts (MW) and another 9,000-10,000 MW is underway.

He said the company would meet its capacity of 50,000 MW, including solar, on time.

"They have made a difference of purpose in 2025, 2030, 2040 on how much capacity they should set in, and accordingly They will be meeting all desired goals. And they will achieve all the goals on time," CMD said without disclosing further information.

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