Damodar Valley Corporation (DVC) stated on Friday that it intends to invest Rs 20,000 crore by 2030 to develop approximately 4,000 MW of solar capacity, according to a senior official. The company, established for flood management and development in the Damodar Valley, plans to invest between Rs 50,000 and 60,000 crore by 2030 to improve thermal, pump storage power plants, and solar energy, he said.
It plans to build roughly 10,000 MW in thermal and green energy, bringing its total installed capacity to approximately 16,700 MW. DVC's current installed capacity of 6,700 MW includes 6,540 MW of thermal power.
"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," DVC Chairman S. Suresh Kumar said during an interaction on the occasion of the 77th Foundation Day of the corporation.
The organization, located in Kolkata, today has only 14 MW of installed solar capacity and is working on a 348 MW project with NTPC. A battery storage capacity of 250MW/hour is also being considered, he said.
Kumar stated that DVC has been exempted from coal imports due to its power stations' closeness to the pithead.
The Union Power Ministry has extended a coal import advice to domestic thermal plants for 4% blending until October 15, ensuring adequate fuel supply throughout the monsoon season.
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