The Green Energy Development Corporation of Odisha Limited (GEDCOL) and the National Hydroelectric Power Corporation (NHPC) on Monday signed an agreement to form a joint venture company (JVC) to develop floating solar power projects with a total capacity of 500 MW in the State.
The JVC will implement the project in a phased manner in various reservoirs of Odisha in joint venture mode under Ultra Mega Renewable Energy Power Parks (UMREPPs) scheme of the Ministry of New and Renewable Energy.
In Odisha, where availability of large and contiguous patches of non-forest, non-agricultural and barren lands suitable for land-based solar projects are limited, floating solar projects can be a game-changer, said GEDCOL CMD BP Sethi.
