Tata Power Solar—wholly owned subsidiary of integrated power producer Tata Power—has received a Letter of Award from state-owned power generator NTPC to develop 105 MWp of floating solar project in the state of Kerala.
The project (including 3 years of operations and maintenance) is estimated to cost around Rs343 crore. It will be executed on the reservoir of NTPC Kayamkulam in District Allappuzha. The project is required to be commissioned within 21 months.
Speaking about the achievement, Ashish Khanna, Tata Power Solar CEO and MD, and Tata Power (Renewables) president, said: “105 MWp floating solar project will be another milestone in our company accomplishments and reinforce our commitments to deliver complicated projects. Floating solar has immense potential in our country and we will ensure that this project will act as a benchmark for floating solar project.”
Notably, NTPC, a major Indian power producer, has tendered for a series of floating PV installations throughout India. It is looking to develop floating solar arrays on the water storage facilities that are situated adjacent to many of its thermal electricity generators, delivering the double windfall of reduced water evaporation and additional power generation located at sites where existing grid capacity is in place.
Shreenidhi Sharma, who heads up NTPC’s solar operations, told pv magazine that with the exception of one facility planned for a “run of the river” hydroelectric site, the bids to develop floating PV projects at its sites have been very competitive. “Prices of floating solar, at least for NTPC… is LCOE and capex almost in competition with large ground mounted [projects] across India.”