Bhilai Steel Plant (BSP), the leading unit of India's steel giant Steel Authority of India Limited (SAIL), is embarking on a green journey by embracing solar power initiatives. In a recent development, BSP has inked a memorandum of understanding with the Chhattisgarh State Renewable Energy Development Agency (CREDA) to install solar power generation systems across its plant premises and township in Bhilai.

According to a statement released by BSP management on Wednesday, the proposed plan aims to generate approximately 2 MW of electricity within the plant premises. Additionally, a project is underway to install rooftop solar energy systems on residences and offices in the township, with the potential to generate around 3 MW of electricity. These initiatives are expected to collectively reduce carbon dioxide emissions by as much as 2,900 tonnes annually, contributing significantly to environmental conservation efforts.

Moreover, BSP has taken a pioneering step towards enhancing its sustainability by signing a Power Purchase Agreement (PPA) with NTPC-SAIL Power Supply Company Limited (NSPCL) for the installation of a 15 MW capacity floating solar plant in Maroda-1 reservoir. This innovative project, scheduled for completion by next year, is set to be the first of its kind in the state of Chhattisgarh. The floating solar plant is anticipated to generate approximately 34.26 million units of green power annually, catering to BSP's captive power needs.

In continuation of its commitment to renewable energy, BSP is also gearing up for the establishment of another floating Solar Power Plant of 35 MW in Maroda-2 reservoir in collaboration with NSPCL. The detailed project report (DPR) has already been prepared, and the tender process is expected to commence soon.

The solar energy projects, including those in the plant premises, township, and Maroda reservoirs, will be executed in two phases. The first phase is projected to be completed by 2025, with the second phase slated for completion by the end of 2027.

These initiatives underscore BSP's proactive approach towards sustainable development and align with the broader national agenda of promoting renewable energy sources and reducing carbon footprint. By harnessing solar power, BSP is not only enhancing its operational efficiency but also setting a benchmark for the steel industry in adopting eco-friendly practices.