New Delhi: NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, is the successful bidder for 80 MW floating solar capacity at Omkareshwar Reservoir, Khandwa, Madhya Pradesh.
The bidding was conducted on August 8, 2023 by Rewa Ultra Mega Solar Limited (RUMSL), the JV company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd. The discovered tariff is ₹3.80/kWh and the energy generated from the project shall be used by MP state distribution companies (Discoms).
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With completion of this project, the floating solar capacity of NTPC Ltd shall be 342 MW. The biggest Floating Solar project in the country is of 100 MW capacity located at NTPC Ramagundam in Telangana.
As on date, NTPC group has 3.3 GW renewable energy (RE) operational capacity, 20 GW RE capacity in pipeline, including 4 GW energy storage system and country’s first green hydrogen based PNG blending project.
Also Read: India’s 1st hydrogen fuel related industry to be set up in Jharkhand
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, said a senior officer of the power ministry.
NTPC REL signed MoU with Indian Army
Earlier, NTPC REL had signed an MoU with Indian Army in March this year for setting up green hydrogen projects in its establishments on build, own and operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonization.
Also Read: NTPC doubles coal production from its captive coal mines
Under the ambit of the MoU, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity, in a phased manner. NTPC REL will also design, develop, and install renewable energy projects (solar, wind etc.) for the Indian Army.
