Corporate Announcement
Security Code : 533098    Company : NHPC    
 
Formation Of Joint Venture Company For 500 MW Floating Solar Power ProjectDownload PDF 0.08 MBDownload XBRL
  Exchange Received Time  11/11/2021 17:21:09         Exchange Disseminated Time   11/11/2021 5:21:16 PM              Time Taken   00:00:07
In continuation to our earlier letter dated 08.10.2021 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is to inform that the Board of Directors of Company in its meeting held today i.e. Thursday, November 11, 2021 has inter-alia considered and approved the proposal regarding formation of a Joint Venture Company (between NHPC Limited and Green Energy Development Corporation of Odisha Limited (GEDCOL)) for implementation of 500 MW floating Solar Power Project in various water reservoirs in the State of Odisha.

The Board has also accorded its investment approval to contribute initial equity of Rs 7.4 Crore by NHPC Limited in the JV Company, to be promoted jointly by NHPC (74%) and GEDCOL (26%).
 

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