MP signs MoU for first phase of Omkareshwar floating solar project, CM invites investors

A contract for 278 MW capacity was signed in the first phase of this 600 MW project.

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Madhya Pradesh signed a contract for the first phase of the world’s largest floating solar project at Omkareshwar on Thursday, marking a new milestone in the field of solar energy.

Chief Minister Shivraj Singh Chouhan, who attended the event, invited solar energy investors to the state and stated that the plant for which the Memorandum of Understanding has been signed will be the world’s largest of the ten such plants.

A contract for 278 MW capacity was signed in the first phase of this 600 MW project.

“Today I am very happy because our dream is coming true. We had built the largest solar power plant in Madhya Pradesh at the time in Rewa. Omkareshwar’s floating power plant is incredible in and of itself. There are just 10 floating power plants in existence right present. The factory for which the MoU was signed today will be the biggest plant in the entire globe” he said.

“Our aim is to make Madhya Pradesh the heart and lungs of India. I invite all solar energy investors to Madhya Pradesh. Our policy is investor friendly. Madhya Pradesh is an island of peace. There is no shortage of land and there is no shortage of water here… Saving electricity is like making electricity. We have started Energy Literacy Mission in Madhya Pradesh,” he said.

Chouhan explained the plant’s advantages, saying that it will generate more electricity than solar panels installed on land surfaces.

“I wanted this plant’s operations to get underway as soon as feasible. Its unique feature is that it has zero displacement. In comparison to solar panels installed on land, plants put on the water’s surface produce more electricity. This plant will prevent the evaporation of dam water as well” Chief Minister added.

“Planting plants will reduce vegetation like algae, which will keep the water fit for drinking. The state is committed to the mantra of Panchamrit given by the Prime Minister,” he added.

The Chief Minister stated that the state government will increase the existing 5,000 MW capacity to 20,000 MW in order to meet Prime Minister Narendra Modi’s commitment to meet 50% of India’s energy requirements with renewable energy.

“PM Modi has pledged that by 2030, India will meet 50% of its energy needs with renewable energy.” Our renewable energy generation capacity was less than 500 MW in 2012, but it is now more than 5,000 MW. “We’ll raise it to 20,000 MW,” he said.

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