The MoU aims at leveraging the complementary strengths and capabilities of BEL and NHPC to cooperate and collaborate in Conceptualization, Structuring, and Implementation of the Giga Watt Scale Vertically Integrated Solar Manufacturing Unit by optimum utilization of resources, available assets, infrastructure and knowledge base of both the organizations.

The MoU is a step in creating the required infrastructure on economies of scale for indigenous manufacturing of poly silicon to solar modules to reduce dependency on imports under Make In India and Atmanirbhar Bharat exploiting the favourable policies of Govt, of India and other State Governments.

Solar panels manufactured from this facility will be deployed to set up rooftop and utility scale solar power plants to achieve the country's vision of meeting the renewable energy target of 500 GW by 2030.