Damodar Valley Corporation (DVC) plans to invest Rs 20,000 crore by 2030 to install nearly 4 GW of solar capacity, according to a top official. Initially established for flood control and development in the Damodar Valley, DVC envisions a total investment of Rs 50,000-60,000 crore by 2030 to enhance thermal, pump storage power plants, and solar energy.
It aims to add nearly 10,000 MW in thermal and renewable energy, increasing its total installed capacity to approximately 16,700 MW.
Of the current 6,700 MW installed capacity of DVC, 6,540 MW is thermal.
“Power demand is growing strong in the north, south, and western parts of the country. 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,” said DVC Chairman S. Suresh Kumar.
The Kolkata-headquartered corporation currently has a mere 14 MW of installed solar capacity and is executing a 348 MW project in association with NTPC.
He added that a 250 MW/hour battery storage capacity is also under consideration.
Kumar, the former West Bengal power secretary, mentioned that in addition to the 4,000 MW of solar power, the corporation plans to install two pump storage facilities: a 1,500 MW facility in Logu Pahar, Jharkhand, and a 1,000 MW facility in Panchet, West Bengal.
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Resource: The Economic Times
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