NHPC has signed a memorandum of understanding with the Green Energy Development Corporation of Odisha Limited (GEDCOL) to form a joint venture for developing 500 MW of floating solar projects in the state of Odisha. As per a regulatory filing, NHPC and GEDCOL may collaborate to form a joint venture company to plan and develop techno-commercially feasible floating solar power projects under Ultra Mega Renewable Energy Power Parks scheme of the Ministry of New and Renewable Energy. This may be done in a phased manner, preferably in packages of 50 MW each. They may also explore further potential of installing floating solar projects after joint identification. The total expected investment for this project is Rs 25 billion. According to NHPC, the incubation period for conceiving each solar project would be around seven to eight months including detailed project report preparation and award of work through the bidding of engineering, procurement and construction (EPC) players in an e-reverse auction process. Approximate completion time for each conceived project will be around 18 months. The first phase work of the project is likely to be commenced by March 2022.
NHPC also has plans to develop a 100 MW solar park in Odisha in a phased manner. It floated a tender in April 2019 for the first phase, inviting bids from EPC contractors for installing a 40 MW grid-connected solar power project in south Odisha’sGanjam district. The selected bidder will be responsible for the construction of a 132 kV transmission line, evacuation arrangement as well as the operations and maintenance of the plant for 10 years. The Grid Corporation of Odisha will be the main offtaker of power from the plant.