Omkareshwar Floating Solar Project

About Omkareshwar Floating Solar Project:

• It is located at Omkareshwar in District Khandwa, Madhya Pradesh.
• The floating power plant was developed on the backwaters of Omkareshwar dam (it is a gravity dam on the Narmada River).
• It is the biggest solar park in India and the largest floating solar project in central and north India, generating 90 MW of energy.
• This project was developed under the Union Ministry of Renewable Energy.
• The project is executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, a joint venture between the Government of India and the Government of Himachal Pradesh.
• Project Cost: 646 crores
• It is projected to generate 196.5 million units of electricity in its initial year of operation and a cumulative 4,629.3 million units over 25 years.
• On commissioning, it will reduce 2.3 lakh tons of carbon emissions and will significantly contribute to the Government of India’s mission of net zero carbon emissions by 2070. 
• The project will also help in water conservation by reducing water evaporation.
• The project has been developed through competitive tariff bidding on a Build Own and Operate basis for 25 years at a rate of Rs 3.26 per unit.