India’s National Hydro Power Corporation Plans 600 MW Floating Solar Project

Another public sector power generation company in India has announced an ambitious foray into solar energy.

India’s National Hydro Power Corporation (NHPC Limited) has announced plans to set up a 600 MW floating solar project at one of its largest hydro power complexes. According to media reports, the company will set up the solar project at the 1,960 MW Koyna hydro power project.

The hydro power project is the largest operational hydro project in India with 16 turbines installed. The project is located in the western state of Maharashtra, which enjoys substantial solar irradiation.

Company officials reported that the per-MW capital cost is expected to be around Rs 9-10 crore (US$1.35-1.5 million). The installation cost of ground-based utility-scale solar power projects has fallen to around Rs 5.3 crore (US$0.8 million) per MW. Read More…