NTPC Renewable Energy Ltd (NTPC REL) has won a 80-mw floating solar project in Madhya Pradesh under an auction conducted by Rewa Ultra Mega Solar Ltd (RUMSL).
NTPC REL will set up the project on the Omkareshwar Reservoir in Khandwa district of Madhya Pradesh.
The bidding was conducted on August 8, 2023 by Rewa Ultra Mega Solar Ltd (RUMSL) – a joint venture between Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd.
The discovered tariff is Rs.3.80 per kwh and the energy generated from the project shall be used by state discoms of Madhya Pradesh, a release by NTPC said.
Once this project is completed, the floating solar capacity of NTPC shall be 342 mw. NTPC also owns what is the currently the biggest floating solar power project in the country – a 100 mw facility on the Ramagundam reservoir in Telangana.
As on date, NTPC Group has 3.3 GW of operational renewable energy capacity. The group also has 20 GW RE capacity in the pipeline, including 4 GW Energy Storage System and country’s first green hydrogen based PNG blending project.
NTPC is committed to achieve 60 GW of renewable energy capacity by 2032 and be a major player in green hydrogen technology and energy storage domain, the release said.
Two-phase bidding
According to information available with T&D India, RUMSL is inviting bids, in two phases, for developing 600 mw of floating solar power capacity at the Omkareshwar Reservoir. In the first phase of 300 mw, a total capacity of 315 mw was ultimately awarded to three bidders – SJVN (90 mw), Amp Energy (100 mw) and NHDC (125 mw).
As per the bidding terms, electricity generated from these floating solar plants will be purchased by Madhya Pradesh Power Management Company, under a 25-year power purchase agreement (PPA) with the selected developer. Further, power evacuation infrastructure will be provided by Rewa Ultra Mega Solar Ltd.
Also read: NTPC Transfers RE Assets To NTPC Green Energy Ltd
Editor’s Note: In the RUMSL auction in which NTPC REL won 80 mw, as discussed in this story, two other winners were SJVN Green Energy (90 mw) and Hinduja Renewables (80 mw)
