The 80 megawatt floating solar project in Khandwa in Madhya Pradesh was awarded to NTPC Renewable Energy Ltd on Tuesday.

According to a statement by NTPC, the Madhya Pradesh discoms will receive the electricity produced by the project. The electricity generator NTPC has a subsidiary called NTPC Renewable Energy.

The bidding was conducted on August 8, 2023, by Rewa Ultra Mega Solar Limited, a joint venture of Solar Energy Corporation of India and MP Urja Vikas Nigam Ltd. The discovered tariff is Rs 3.80/kWh," it said.

NTPC Group has 3.3 GW renewable energy (RE) operational capacity, while another 20 GW RE capacity is in the pipeline, including 4 GW energy storage system and the country's first green hydrogen-based piped natural gas blending project.

NTPC aims to achieve 60 GW of RE capacity by 2032.