Chief Minister Stalin, who made the trip to America to try and attract investment to Tamil Nadu.
He has agreed to investment deals with several companies.
In that context, one of the contracted companies, Greenco Energies, has begun construction of a hydropower project in Metur.
A hydroelectric power plant makes use of the hydraulic energy of a watercourse, whether natural or artificial, to generate sustainable electricity.
In general, hydropower plants are classified into three types they are run-of-river, reservoir, and storage.
Greenco Energies, a contracted company, has begun constructing of a hydro power plant in Salem Metur with a capital expenditure of Rs.5,947 crore .
Which is hardly 7 days after signing an agreement in front of Tamil Nadu Chief Minister M.K. Stalin.
Additionally, along with three agreements signed and a total investment of 20,114 crore rupees, the first project has started in Salem.
The Hydro electric power plant works as a rechargeable “battery” that may be charged and discharged whenever needed.
In this way, even Renewable sources like solar energy and wind energy are continuous, and the pumped-storage hydroelectric plant helps maintain the power system’s stability.
Therefore, in order it can be used for industrial, commercial, and domestic use.
