NTPC Limited has commissioned a 25 MW floating solar photovoltaic project on the reservoir of its Simhadri thermal power station, in Visakhapatnam, Andhra Pradesh. According to the report, the floating solar project is spread across 75 acres of the water surface. The project uses a novel anchoring design for the solar panels. More than 100,000 modules could be used to generate electricity.
Furthermore, during its lifespan, the floating project is anticipated to produce enough electricity to power around 7,000 households and mitigate at least 46,000 tons of carbon di-oxide. It could also avoid 1,364 million litres of water from evaporating each year, enough to fulfil the needs of 6,700 families for a year. Earlier this month, NHPC Limited also issued a tender for the engineering, procurement, and construction of a 100 MW floating solar photovoltaic project in Odisha.
NTPC Limited currently operates 71 power plants with a total installed capacity of 66,900 MW, including 29 renewable energy projects. By 2032, NTPC aims to have installed 60 GW of renewable energy capacity. The company recently invited offers from banks and financial institutionsto raise $672 million as rupee term loans. These include capital expenditure for the ongoing and new capacity addition programmes, renewable energy projects, and buying out the Indian government’sequity stake in public sector undertakings through the disinvestment program, refinancing loans, and general corporate purposes.