A Memorandum of Understanding (MoU) between Karnataka Power Corporation Limited (KPCL) and Tehri Hydro Development Corporation India Limited (THDCIL) was signed on November 9 for accelerated development of various hydro, solar (floating and ground mounting) and pumped storage water projects amounting to ₹15,000 crore.
The development of a 100 MW floating solar photovoltaic (PV) plant at the Kadra dam reservoir, the establishment of a ground mounted, rooftop solar PV with a 170 MW capacity in the premises of KPCL plants, and the establishment of 1,500 MW of pumped storage plant at Varahi would be covered under the MoU.
The Varahi Hydro Power project, on the Varahi river near Hosangadi in Udupi district, is the first underground powerhouse in Karnataka with an installed capacity of 460 MW.