October 21 (Renewables Now) - The Indian state of Madhya Pradesh plans to build what will be the largest floating solar array in the world -- a 1-GW park on the Indira Sagar Dam, the Times of India reports.
The newspaper cited the state’s renewable energy minister Manu Shrivastava as saying that feasibility studies on the projects are being prepared by the World Bank. Preliminary assessments have already been carried out.
According to Shrivastava, the implementation of the project will require around INR 50 million (USD 704,400/EUR 631,200) per MWh, or INR 50 billion in total, with work on it expected to begin in about eight months. The state has agreed to be the offtaker for the power from a 200-MW portion of the complex, the report states.
India currently has only one floating photovoltaic (PV) solar plant. This is a 100-MW installation is run by NTPC Ltd (BOM:532555) in Andhra Pradesh.
(INR 10 = USD 0.141/EUR 0.126)