Karnataka, Tehri Hydro Development Corporation (THDC) India Limited, a joint venture between the Government of India and the Government of Uttar Pradesh, has announced plans to invest ₹15,000 crore in power projects in the state. The announcement was made by Karnataka’s Energy Minister, KJ George.
The investment is part of THDC’s broader strategy to expand its footprint in the renewable energy sector and contribute to India’s ambitious goal of achieving 175 GW of renewable energy capacity by 2022. The projects in Karnataka will play a crucial role in this endeavor.
Minister George expressed his optimism about the investment, stating that it would not only boost the state’s power capacity but also create numerous job opportunities. He further emphasized the importance of renewable energy in combating climate change and ensuring a sustainable future.
They have yet to disclose the specific details of the projects, including their locations and the types of renewable energy technologies to be used. THDC has a strong track record in implementing hydroelectric and wind power projects, suggesting that these technologies could feature prominently.
Industry experts have welcomed the announcement and believe that the investment could significantly enhance Karnataka’s renewable energy capacity and pave the way for further investments in the sector.
This development marks a significant milestone in THDC’s growth trajectory and underscores its commitment to promoting renewable energy in India. It also highlights the pivotal role of public-private partnerships in advancing India’s renewable energy goals.