The Karnataka Power Corporation (KREDL) and Tehri Hydro Development Corporation (THDCL) have signed a memorandum of understanding (MoU) to take up development of various power projects. The projects will include hydro, solar comprising floating and ground mounting, and pumped storage projects. These projects, once finalized, will lead to an investment of more than Rs 15,000 crore in Karnataka by THDCL.
The MoU pertains to the development of a 100 MW floating solar PV plant at the Kadra Dam reservoir in Uttara Kannada district and the establishment of 170 MW ground-mounted rooftop solar PV plant on the premises of KPCL plants and a 1,500 MW pumped storage plant at Varahi in Shimoga district.
In addition to the MOU, THDCL can self-identify solar and pumped storage projects in Karnataka, and approach KPCL to allot these projects through the state government. KPCL will facilitate THDCL for the same, as per RE Policy 2022-27.
The next step is to prepare the detailed project reports (DPRs), take up the feasibility study, and obtain approvals, for which THDCL has assured that these will be taken up immediately.
Karnataka Renewable Energy Development signed an MoU with THDCL for the development of renewable energy projects, including pumped storage projects in Karnataka for 1 GW hybrid project and 500 MW Bidar solar park by THDCL.