NTPC REL wins floating solar project
NTPC Renewable Energy won an 80 MW floating solar project in Madhya Pradesh at an auction.
Image for illustration purposes.
India, Mandhata: NTPC Renewable Energy won an 80 MW floating solar project in Madhya Pradesh at an auction.
NTPC Renewable Energy Ltd (NTPC REL) has won an 80 MW floating solar project in Madhya Pradesh at an auction conducted by Rewa Ultra Mega Solar Ltd (RUMSL).
NTPC REL will set up the project on the Omkareshwar Reservoir of India’s Madhya Pradesh state.
Once this project is completed, the floating solar capacity of NTPC shall be 342 MW. NTPC Group currently has 3.3 GW of operational renewable energy capacity. The group also has 20 GW RE capacity in the pipeline. NTPC is committed to achieving 60 GW of renewable energy capacity by 2032.
RUMSL is inviting bids for the development of 600 MW of floating solar power capacity at the Omkareshwar Reservoir in two phases. In the first 300 MW phase, a total capacity of 315 MW was awarded to three bidders: SJVN, Amp Energy, and NHDC.
As per the bidding terms, electricity generated from these floating solar plants will be purchased by Madhya Pradesh Power Management Company under a 25-year power purchase agreement (PPA) with the selected developer.
Source: T&D India
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