North East draws ₹38,856 crore RE investment; region holds 147 GW clean energy potential: Joshi
New Delhi: A total of 115 Memoranda of Understanding (MoUs) worth ₹38,856 crore have been signed for renewable energy projects in the North Eastern Region, Union Minister for New and Renewable Energy
Pralhad Joshi
said on Friday.
Addressing the Ministerial Session on 'Green Northeast: Advancing Renewable Energy for Sashakt Bharat' at the Rising North East Investors Summit 2025, Joshi stated that the region has untapped renewable energy potential, including more than 129 GW from large hydro projects and over 18 GW from pumped storage plants.
The Ministry of New and Renewable Energy (MNRE) has allocated 10 per cent of its annual scheme budget specifically for the North Eastern Region. The Minister said enhanced financial support is also being provided, including 10 per cent higher Central Financial Assistance (CFA) under the PM Surya Ghar Muft Bijli Yojana and 20 per cent higher CFA for Components B and C of the PM-KUSUM scheme.
A 20 MW solar park has been commissioned in Mizoram's Champhai district. A 25 MW green hydrogen plant is under development in Assam, which already hosts the country's first pure green hydrogen facility.
More than 2,000 individuals from the region have been trained under MNRE-supported skill development initiatives such as Suryamitra, Varunmitra and Jal Urjamitra, the Minister said.
Joshi added that the North East could play a significant role in India's grid stability under the 'One Nation, One Grid' initiative. He said that the proximity of the region to Myanmar, Bangladesh and Bhutan provides opportunities for cross-border electricity trade.
The minister said several Indian conglomerates have expressed interest in investing in renewable energy in the North East. He assured investors of government support, including single-window clearances, capital subsidies, and dedicated solar park development.
'The time to invest is now. Not just for returns, but for impact, for a cleaner tomorrow and a self-reliant India,' Joshi said.
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