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NHPC signs MoU with GEDCOL

21 Jul 2020 Evaluate

NHPC has signed Memorandum of Understanding (MoU) with Green Energy Development Corporation of Odisha (GEDCOL). The parties may collaborate and cooperate to form a Joint Venture Company (JVC) to plan & develop techno-commercially feasible floating solar power projects of 500 MW in the state of Odisha under UMREPPs Scheme of MNRE, in a phased manner, preferably in packages of 50 MW each. The parties also agree to explore further potential of installing floating solar projects after joint identification in subsequent periods in Odisha State.

NHPC is India's premier hydropower company.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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