NHPC, GEDCOL to set up 500MW floating solar projects in Odisha

11 Jan 2022 CW Team

Hydropower major NHPC has signed an MoU with the Green Energy Development Corporation of Odisha Limited- GEDCOL for forming a joint venture to set up a 500- megawatt floating solar power project in Odisha.

According to a BSE filing promoter's agreement was signed on January 4, 2022, between both the parties for the JV formation for the 500 MW floating solar power projects in different water reservoirs across Odisha.

The agreement was signed by NHPC CMD AK Singh and GEDCOL CMD Bishnupada Sethi in the presence of Divya Shankar Mishra, Minister of State for Energy.

A 74% equity stake will be held by NHPC, whereas 26% will be held by GEDCOL. They will have an authorised share capital worth Rs 500 crore. The amount will be divided into 50 crore shares with an individual price of Rs 10.

The JV will have a minimum of four directors and a maximum of 15. For NHPC and GEDCOL the ratio will be in proportion with the equity participation, 3:1. There will be at least one director from both parties. If there are four directors one will be from GEDCOL and the other three form NHPC. For effective management, the CEO and chief financial officer, below the board of directors will be from NHPC.

The first stage of the project will be of 300 MW capacity and installed in the Rengali HE project reservoir. The first stage of the project will approximately cost over Rs 2,000 crore and will generate about 600 MW of energy every year.

The project is going to be implemented under the MNRE department’s UMREPP mode 8 scheme. The project will help the state in achieving the goal of renewable energy. It will also help in creating investment and employment opportunities.

Image Source

Also read: NHPC to set up over 27,000 MW renewable energy projects

Also read: RUMSL floats tender for 600 MW floating solar park

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..