Kolkata-headquartered Damodar Valley Corp. plans to invest INR 20,000 crore ($2.4 billion) by 2030 to install around 4 GW of solar capacity. Overall, it plans investments worth Rs 50,000-60,000 crore by 2030 to enhance thermal, pump storage and solar power capacities.
DVC is a multipurpose river valley project engaged in power generation, transmission and distribution apart from water resources management in its area of operations. Presently, it has an installed power generation capacity of about 7 GW, with up to 97% from thermal and the rest from hydel and solar projects.
DVC is focusing on renewable energy towards net zero. It has charted ambitious renewable energy based capacity addition plans to align with the national commitments of 500 GW RE capacity by 2030.
”We are expanding sustainably with the right mix of thermal and renewable energy, which will keep power costs affordable. We will add 3,720 MW in thermal capacity and nearly 4,000 MW in solar by 2030,” DVC chairman S. Suresh Kumar said recently.
DVC has received approval of the Ministry of New and Renewable Energy to set up 989 MW of floating solar capacity at its dam reservoirs under Ultra Mega Renewable Energy Power Parks (UMREPPs) Scheme.
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