NTPC REL secures 80 MW floating solar project in MP
POWER & RENEWABLE ENERGY

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code