Reading Time: 2 minutes
The 300 MW floating solar project at the Omkareshwar Reservoir in Madhya Pradesh, tendered by Rewa Ultra Mega Solar Ltd (RUMSL), a joint venture between Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam Limited (MPUVN), has been oversubscribed by 700 MW.
The project will consist of six grid-connected 100 MW floating solar photovoltaic plants that will be built at designated sites in the Omkareshwar reservoir. The evacuation infrastructure for the projects will be supplied by RUMSL.
Developers from Tata Solar, NHDC, Mahindra Susten, Eden Renewables, SJVN, NTPC, and Hinduja Renewables took part in the auction.
Amp Energy, SJVN, and NHDC were the auction’s three successful bidders in the first phase, which allotted 300 MW. Amp Energy obtained 100 MW capacity at the tariff of Rs. 3.21/kWh. On the other hand, NHDC won with a 100 MW capacity at Rs. 3.22/kWh tariff. SJVN received the remaining capacity at a cost of Rs. 3.26/kWh.
In July 2022, the tender’s second phase went out for bids. The Madhya Pradesh Electricity Regulatory Commission accepted deviations from the guidelines last month with regard to the floating solar project’s bid procedure (Phase II), which had also resulted in some delays overall.
In accordance with the Ministry of Power’s instructions, RUMSL and the Madhya Pradesh Power Management Company jointly filed a petition to authorize deviations from the bidding standards.
The project has a 600 MW maximum capacity. This puts it in a strong position to rank among the biggest floating solar plants when it is finished. Larger floating projects in India, however, have so far had difficulty being concluded due to a number of problems.
However, there is a shortage of land in India. The creation of floating solar power installations aids in overcoming this difficulty. The capacity of floating solar power plants in India is currently close to 175 MW, with NTPC’s Ramagundam project’s 100 MW capacity being by far the highest.
There are several floating solar projects planned for Gujarat, Maharashtra, Telangana, and other East Indian states. PSU energy companies like NTPC and SJVN have led the charge in this effort.