The Business Bytes
TBB BUREAU
NEW DELHI, AUGUST 23, 2022
State-owned hydro power giant NHPC on Tuesday signed a memorandum of understanding (MoU) with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility.
“A Memorandum of Understanding (MoU) has been signed between NHPC and BEL…for setting up of gigawatt scale vertically integrated solar manufacturing unit,” a BSE filing said.
The MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL.
NHPC has an installation base of 7071.2 MW from 24 power stations including two projects in JV mode.
It is engaged in the construction of 11 projects aggregating to a total installed capacity of 7,539 MW.
