Amp Energy, NHDC, and SJVN are winners in Rewa Ultra Mega Solar Limited’s (RUMSL) auction for the 600 MW floating solar park at the Omkareshwar reservoir in Madhya Pradesh, according to Mercom sources.
RUMSL is a joint venture between the Solar Energy Corporation of India and Madhya Pradesh Urja Vikas Nigam Limited.
Amp Energy won 100 MW quoting a tariff of ₹3.21 (~$0.041)/kWh, while NHDC won 100 MW at ₹3.22 (~$0.042)/kWh. SJVN won the remaining capacity of 100 MW at ₹3.26 (~$0.043)/kWh.
The auction was held for the project’s first phase of 300 MW. The auction for the remaining 300 MW will take place soon.
The tender had received an overwhelming response, with 15 bidders shortlisted to participate in the bidding process. Fourteen domestic bidders and one foreign bidder participated in the auction.
The 600 MW capacity comprises six units of 100 MW each of grid-connected floating solar photovoltaic projects to be developed at pre-identified locations at the Omkareshwar reservoir. RUMSL will provide the evacuating infrastructure for the projects.
The tender was floated in November last year.
Last month, Bharat Heavy Electricals Limited invited expression of interest) from original equipment manufacturers for the supply and installation of photovoltaic modules, floaters, anchoring and mooring systems, and an annual maintenance contract for three 100 MW floating solar power projects in Omkareshwar reservoir in Madhya Pradesh.
Earlier, RUMSL had issued a request for proposal for consultancy firms to prepare a feasibility study report of three reservoirs in Madhya Pradesh for developing floating solar projects.
Recently, Mercom wrote about the growing popularity of floating solar projects. But even with several advantages, the progress of floating solar installations has been slow. India has about 170 MW of floating solar projects in operation compared to 52 GW of solar installed in the country.
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Rakesh Ranjan is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.