In a significant development toward enhancing India’s renewable energy infrastructure, NHPC Limited has entered into a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly develop pumped storage and other renewable energy projects in the state of Rajasthan.
As part of this strategic collaboration, two pumped storage projects (PSPs), each with a capacity of 1,000 megawatts (MW), are planned for development in the first phase. The initiative aims to bolster Rajasthan’s renewable energy capacity and optimize energy management through pumped hydro storage solutions, enabling efficient utilization of renewable power during peak demand periods.
The MoU was formally signed by Mr. Suprakash Adhikari, Director (Technical), NHPC, and Mr. Devendra Shringi, Chairman and Managing Director, RVUNL. The signing ceremony was held in the presence of Smt. Arti Dogra, IAS, Additional Chief Secretary (Energy) and Chairman of Discoms, Government of Rajasthan. Also present were senior officials from NHPC, including the Executive Director (Strategic Business Development & Consultancy), and representatives from the Rajasthan government.
This agreement is a reflection of NHPC’s continued efforts to diversify its portfolio beyond hydropower to include various forms of renewable energy such as solar, wind, and pumped storage. It also underscores Rajasthan’s strategic role as a key player in India’s clean energy transition.
NHPC has been actively expanding its renewable energy footprint across the country. In April 2025, it announced the commencement of full commercial operations of the 800 MW Parbati-II hydroelectric project in Himachal Pradesh, marking another milestone in its hydropower development journey.
In January 2025, NHPC collaborated with Andhra Pradesh Power Generation Corporation (APGENCO) to form a 50:50 joint venture—APGENCO NHPC Green Energy. The JV aims to implement multiple pumped storage and renewable energy projects in Andhra Pradesh, including Yaganti (1,000 MW), Rajupalem (800 MW), Gadikota (1,200 MW), Aravetipalli (1,320 MW), and Deenepalli (750 MW).
Additionally, in September 2024, NHPC signed an MoU with the Department of Water Resources, Government of Maharashtra to establish solar-pumped storage projects with a cumulative capacity of 7,350 MW, reinforcing its commitment to scalable and integrated clean energy solutions.
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NHPC is targeting a renewable energy capacity of 16,700 MW by 2030. The company has set ambitious plans to increase its total installed capacity to 23 gigawatts (GW) by 2032, with a long-term vision of exceeding 50 GW by 2047, in alignment with India’s broader net-zero goals.
This latest MoU with RVUNL marks another critical step in that direction, promising to unlock substantial clean energy potential while ensuring grid stability and sustainable energy access for future generations.