NTPC REL secures 80 MW floating solar project in MP

NTPC Renewable Energy Limited (NTPC REL) has emerged as the successful bidder for an 80 MW Floating Solar project situated at Omkareshwar Reservoir in Khandwa, Madhya Pradesh. The bidding process, held on August 8, 2023, was overseen by Rewa Ultra Mega Solar Limited (RUMSL), a joint venture between the Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Limited. The project will operate at a tariff of Rs 3.80/kWh, and the electricity generated will be harnessed by the power distribution companies (DISCOMs) in Madhya Pradesh. Once this venture is completed, NTPC's floating solar capacity will reach an impressive 342 MW, with the largest floating solar installation in the country being the 100 MW facility at NTPC Ramagundam in Telangana. Presently, the NTPC Group has a robust operational capacity of 3.3 GW in renewable energy, along with an additional 20 GW in the pipeline. This extensive pipeline includes a substantial 4 GW Energy Storage System and the pioneering Green Hydrogen based PNG blending project in the nation. NTPC remains unwavering in its commitment to achieving a formidable 60 GW capacity in Renewable Energy by 2032. Moreover, the company aspires to play a pivotal role in the realm of Green Hydrogen Technology and Energy Storage.