State-owned NHPC on Monday, June 14, 2021, signed an agreement with Bihar State Hydroelectric Power Corporation (BSHPC) to implement the 130.1 MW Dagmara Hydroelectric Project in Bihar. Speaking on the occasion, Power Minister RK Singh said that hydropower is important in the backdrop of climate change and the shift from fossil to non-fossil fuels for the future generation.
A Memorandum of Understanding (MoU) has been signed between public sector hydropower firm NHPC and BSHPC for implementation of 130.1 MW Dagmara Hydroelectric Project in Supaul district of Bihar, the Power Ministry said in a statement.
The agreement was signed and exchanged by the signatories in the presence of Union Power Minister RK Singh and Bihar Energy Minister Bijendra Prasad Yadav. The MoU was signed on behalf of NHPC by NHPC Director (Projects) Biswajit Basu while BSHPC Managing Director Alok Kumar signed the document on behalf of the Bihar Government.
**Dagmara Hydroelectricity Project**
AK Singh, Chairman and Managing Director, NHPC said that the Dagmara Hydroelectric Project will be a landmark project in the power sector scenario of Bihar as far as green energy is concerned. He further added that apart from generating clean and green power, the execution will lead to socio-economic and infrastructure development in the region and also generate employment opportunities.
The 130.1 MW Dagmara Hydroelectric Project is to be implemented on an ownership basis by NHPC.
**Project will help in development of the state**
In his address, the Energy Minister of Bihar expressed gratitude to the Ministry of Power and NHPC on behalf of the State Government for the implementation of the Dagmara project. He further said that this project will bring all-round progress and development in the state.
Expansion of NHPC
A.K. Singh, CMD, NHPC earlier said that despite the current COVID-19 pandemic, NHPC is in an aggressive mode of expansion and has all-India plans to expand its solar and wind power portfolio along with its core business of hydropower development.
With the help of these new projects and its expansion of hydroelectric capacity, NHPC has reported the highest ever Net Profit After Tax of Rs 3,233.37 crore in FY 2020-21.
At present, NHPC has 24 operational power stations with a total installed capacity of 7,071 MW.