New Delhi, Mar 5 (PTI) State-owned NHPC expects to complete the proposed 1,200 MW solar power project entailing an investment of Rs 796.96 crore in Uttar Pradesh in two years, the company said on Tuesday.

Prime Minister Narendra Modi on Monday laid the foundation stone of the solar project through virtual mode. NHPC in an exchange filing stated that the Jalaun Ultra Renewable Energy Power Park at Orai in the Jalaun district of Uttar Pradesh will be developed by its subsidiary, Bundelkhand Saur Urja Ltd, at an investment of Rs 796.96 crore.

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"The park is proposed to be constructed in 24 months from the investment approval and will generate about 2,400 MUs (million units) of electricity every year," NHPC said.

NHPC, under the Ministry of Power, is the largest hydropower development organisation in India, with capabilities to undertake all the activities from conceptualisation to commissioning of hydro projects.

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The Faridabad-based company has also diversified into solar and wind energy development.

(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)