Latest News | DVC Planning Foray into Retail Power Distribution

Kolkata, Aug 18 (PTI) Damodar Valley Corporation (DVC) which is engaged in commercial and industrial power distribution is contemplating to foray into retail distribution, an official said on Thursday.

DVC has received a proposal from Jharkhand's Giridih district in this regard.

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"We are going to appoint a consultancy firm to look into all aspects of how power will be distributed to the common domestic consumer. But it will take two years to commence the distribution of electricity," DVC chairman Ram Naresh Singh said at an MCCI session.

The company now supplies electricity to industrial customers in the Damodar Valley area.

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DVC is also moving ahead with big plans for non-conventional power generation. It plans to jointly develop a total of 1,000 MW of floating solar power projects in its four dam reservoirs by 2024-25. Of this, the detailed project report for 750 MW has also been prepared.

Besides, Singh said, there are plans to set up a pilot project for green hydrogen production in Bokaro. It is to be financed by the World Bank. PTIBSM

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)