NHPC has signed a MoU with Green Energy Development Corporation of Odisha. As part of the MoU, the two parties will form a JV company for the development of techno-commercially feasible floating solar power projects of nearly 500 MW in Odisha. Together, the two entities would also explore further potential of installing floating solar projects in the state later. According to a BSE filing, the projects will be developed under the ultra-Mega Renewable Energy Power Parks (UMREPPs) programme of the Union Ministry of New and Renewable Energy in a phased manner, preferably in packages of 50 MW.