Floating Solar Projects To Be Setup By NHPC, GEDCOL
Government-owned NHPC Limited and Green Energy Development Corporation of Odisha Ltd. (GEDCOL) have planned to set up floating solar projects in Odisha. NHPC and GEDCOL have signed a pact to form a joint venture (JV) for setting up a 500-megawatt (MW) floating solar power project.Â
NHPC will hold a 74% equity stake, while GEDCOL will have 26%. It will have an authorized share capital of Rs 500 crore divided into 50 crore shares of Rs 10 each.