Kundan Green Energy expands the hydropower portfolio with a 42 MW project in Uttarakhand.
Kundan Green Energy, a key player in the renewable energy sector, has made a significant stride into hydropower by acquiring a 42 MW project in Uttarakhand. This momentous move amplifies the company’s commitment to expanding its green energy portfolio and plays a pivotal role in contributing to India’s renewable energy targets.
Project Overview of the the hydropower project
The Okhali project, a strategic addition to Kundan Green Energy’s portfolio, is a clear testament to the company’s growth and unwavering commitment to India’s renewable energy targets. As part of an agreement with the Uttarakhand government, this project is a crucial step in the state’s efforts to tap into its hydropower potential. With an investment of Rs 1,000 crore, the project aims to develop 80 MW of greenfield hydropower capacity in the region.
Sustainable Energy Development
With a steadfast vision for sustainable energy development, Kundan Green Energy is leading the transition towards cleaner and more efficient energy sources. By harnessing the power of hydropower, a renewable energy solution with minimal environmental impact, the company is not just contributing to India’s renewable energy goals, but also ensuring energy security and resilience for a sustainable future.
Operational Timeline and Impact
The Okhali project, slated for completion by 2028, is a significant milestone in Kundan Green Energy’s long-term vision and strategic focus on scaling up its renewable energy infrastructure. Once operational, the project will substantially enhance the company’s hydropower capacities, elevating its total capacity to 270 MW from the existing 104 MW. This expansion further underscores Kundan Green Energy’s commitment to sustainable energy development.
Government Collaboration and Support
The collaboration between Kundan Green Energy and the Uttarakhand government is a shining example of the company’s ability to foster collaborative efforts and overcome regulatory hurdles. By leveraging government support, the company aims to expedite project implementation, thereby contributing to India’s energy transition and accelerating renewable energy deployment.
Sustainable Development Goals
With an unwavering commitment to sustainable development, Kundan Green Energy’s expansion into hydropower is a testament to its alignment with the United Nations’ Sustainable Development Goals (SDGs). By investing in clean and renewable energy solutions, the company actively contributes to SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action), driving positive socio-environmental impact.
About Kundan Green Energy
Kundan Green Energy is a prominent player in the renewable energy sector, focusing on hydropower, solar, and wind energy projects. The company is committed to driving India’s renewable energy agenda and fostering sustainable solutions for a greener future.
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