Bhubaneswar, Jan 4: NHPC, a central PSU and GEDCOL of Odisha on Tuesday signed a MoU
to generate 500 MW of solar power from floating installations in various reservoirs of the state.
The project is first of its kind in Odisha and the largest in the country so far.
NHPC CMD A K Singh and GEDCOL CMD Bishnupada Sethi signed the agreement in the presence of Minister of state for Energy Dibya Shankar Mishra.
In the first stage 300MW capacity will be installed in the reservoir of Rengali H E project.
The project will be implemented under UMREPP mode 8 scheme of union MNRE department which provides for one time central assistance to the developers and an annual facilitation fee to be paid to the state government throughout the life of the project.
The first stage of the project will have an outlay exceeding Rs 2000 crore and will generate 600 MU
of energy per year.
The project will help the state to meet its renewable energy generation target and purchase
obligation besides creating investment and employment opportunities.
More such projects are being planned in Hirakud and other reservoirs of the state,official sources said.
