BHEL rises on commissioning floating solar PV plant in Telangana

7 Jul 2022 , 01:06 PM

The plant is installed across the natural raw water reservoir, saving valuable land resources, and also conserves water by reducing evaporation, the company stated. The PSU company said that with engineered layouts and arrangements for the solar PV modules, electricals and floaters, the plant will ensure that the aquatic ecosystem is maintained while producing clean power. All major components of the solar plant – viz. solar PV modules, floaters, bio-degradable natural ester oil filled inverter-duty transformers, switchgear, SCADA and cables are indigenous, contributing to the Government of Indias Make in India mission, it added. With this, BHEL has achieved distinction of commissioning 3 floating solar projects – 25 MW at NTPC Simhadri, 22 MW at NTPC Kayamkulam and 100 MW at NTPC Ramagundam in the last 10 months. Each one of them is unique in respect of their engineering and execution features, the firm said. NTPC is Indias largest energy conglomerate. It has presence in the entire value chain of the power generation business. As of 31 March 2022, the Government of India holds 51.10% in NTPC. Shares of NTPC were up 0.76% to Rs 140 on the BSE. BHEL is the leading EPC player in the floating solar segment in the country. 152 MW of capacity has been commissioned so far, delivering plants on all kinds of water bodies – natural reservoirs, man-made reservoirs and saline back-water kayals. As of 31 March 2022, the Government of India held 63.17% stake in the company. The company reported a sharply higher consolidated net profit of Rs 912.47 crore in Q4 FY22 as compared to a consolidated net loss of Rs 1,034.82 crore in Q4 FY21. Net sales jumped 12.6% to Rs 7,599.96 crore in Q4 FY22 as against Rs 6,751.88 crore during the same period in the previous year. Powered by Capital Market – Live News