BHEL commissions India's largest 100 MW floating Solar PV plant; stock climbs ~2.5%

7 Jul 2022 , 12:00 PM

Bharat Heavy Electricals Limited (BHEL) announced the successful commissioning of India’s largest Floating Solar PV plant, NTPC Ramagundam in Telangana, with a capacity of 100 MW. The plant is built across a natural raw water reservoir, conserving valuable land resources as well as water by reducing evaporation.

The plant will maintain the aquatic ecosystem while producing clean power by using innovatively engineered layouts and arrangements for the solar PV modules, electricals, and floaters.

All major components of the solar power plant, namely Solar PV modules, floaters, bio-degradable natural ester oil-filled inverter-duty transformers, switchgear, SCADA, and cables are all made in India, supporting the government’s ‘Make in India’ initiative.

With this, BHEL has achieved the unparalleled distinction of commissioning three floating solar projects in the last ten months namely, 25 MW at NTPC Simhadri, 22 MW at NTPC Kayamkulam, and 100 MW at NTPC Ramagundam.

Each one of them has distinct engineering and execution features.

BHEL is India’s leading EPC player in the floating solar segment. So far, 152 MW of capacity has been commissioned, with plants installed on a variety of water bodies, including natural reservoirs, man-made reservoirs, and saline back-water kayaks.

At around 12.06 PM, BHEL was trading at Rs47.10 up by Rs1.15 or 2.5% from its previous closing of Rs45.95 on the BSE. The scrip opened at Rs46.10 and has touched intraday high and low of Rs47.15 and Rs46.10 respectively.