You are here: Home » Economy & Policy » News
Business Standard

Floating solar project at Omkareshwar to begin power generation by 2022-23

The world's largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river will begin power generation by year 2022-23

solar project | Narmada river | Madhya Pradesh

Press Trust of India  |  Bhopal 

Solar energy
Representational image | File

The world's largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on in Khandwa district of will begin power generation by year 2022-23.

The estimated investment in this project stands at Rs 3,000 crore, said an official release quoting the state's new and renewable energy minister Hardeep Singh Dang on Tuesday.

The International Finance Corporation, World Bank and Power Grid have granted in-principle consent for providing aid for the said project development.

The primary feasibility study of the project has been completed in collaboration with the World Bank.

The project is likely to begin power generation by year 2022-23, the minister said.

Dang said that the work of transmission line route survey will begin from the project area to Khandwa sub-station by power grid this month.

Tender for the study of environmental and social impact of the project area is also being issued.

Power Management Company has agreed to purchase 400 MW power from the project, he said.

The project will have floating solar panels of 600 MW power generation capacity in the backwaters of Omkareshwar dam. It is estimated that in 2 years, the project will start providing cheap and good quality power.

Electricity will be produced in about 2000-hectare water area by installing solar panels in the dam.

Solar panels will float on the surface of the water in the reservoir, the release said.

When the water level of the dam is low, it will automatically adjust upwards and downwards. Strong waves and floods will have no effect on them. The sun's rays will continue to produce electricity, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 05 2021. 13:47 IST