State-owned hydro power giant NHPC has now incorporated NHPC renewable Energy Ltd. This has been done for clean energy business.

According to BSE filing, the new company was registered with Registrar of companies, NCT of Delhi & Haryana. This was done on February 2022 for development of renewable energy, small hydro and green hydrogen projects.

This comes against the backdrop of the government’s focus on renewable energy and target of 500GW of clean energy by 2030.

The first part of the much-awaited National Hydrogen policy was unveiled on Thursday. NHPC renewable This allows free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia, among other things.

State owned NTPC has already incorporated NTPC Renewable Energy Ltd for its expansion in clean energy space.