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NHPC Signs MoU to Develop 500 MW Floating Solar Projects in Odisha

NHPC Limited (formerly the National Hydroelectric Power Corporation) has signed a memorandum of understanding (MoU) with Green Energy Development Corporation of Odisha Limited (GEDCOL). As part of the MoU, both the parties will collaborate to form a joint venture company for the development of techno-commercially feasible floating solar power projects of nearly 500 MW in the state of Odisha.

 

Together, the two entities would also explore further potential of installing floating solar projects later in the state.

 

According to a Bombay Stock Exchange (BSE) filing, the projects will be developed under the ultra-mega renewable energy power parks (UMREPPs) program of the Ministry of New and Renewable Energy (MNRE) in a phased manner, preferably in packages of 50 MW each.

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