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Floating solar power projects

  • Posted By
    10Pointer
  • Categories
    Environment
  • Published
    25th Jul, 2020
  • The National Hydroelectric Power Corporation (NHPC) signed a Memorandum of Understanding (MoU) with The Green Energy Corporation of Odisha Limited (GEDCOL) to develop floating solar power projects with a total capacity of 500 Megawatts (MW) in the state of Odisha.
  • The projects will be implemented by the JVC (Joint Venture Collaboration) in various reservoirs of Odisha under Ultra Mega Renewable Energy Power Parks (UMREPPs) scheme of the Ministry of New and Renewable Energy.
  • The state requires 1,000 MW from Solar Renewable Purchase Obligation (RPO) and 1,000 MW from Non-Solar RPO converted to RPO to meet the target of 2000 MW target set by the Ministry of New and Renewable Energy.
  • The total estimation of the project will be Rs. 2,500 crores.