AUGUSTASIA BUSINESS OUTLOOK9NEWSROOMGENUS POWER INFRASTRUCTURES BAGS ORDER WORTH RS 2,210 CRORENTPC-REL SECURES BID FOR 80-MW FLOATING SOLAR PROJECT IN MADHYA PRADESHARs 2,209.84 crore deal for the supply and installation of 21.77 lakh smart pre-paid power metres was announced by Genus Power Infrastructures' subsidiary. A letter of award (LOA) for Rs 2,209.84 crore (net of tax) has been given to the corporation for the hiring of an advanced metering infrastructure service provider.This includes designing the advanced metering infrastructure and providing, installing, and commissioning 21.77 lakh prepaid smart metres under the redesigned distribution sector plan (RDSS)."With the addition of these orders, our total backlog now exceeds Rs 8,200 crore (net of taxes)." "The'reforms-based, result-linked power distribution sector scheme' has had a positive impact, as evidenced by the fact that numerous state electricity boards have started the process of inviting bids for the deployment of smart metres," it said. According to our analysis, the company forecasts a significant increase in order volumes in the upcoming quarters of the current fiscal year. The Omkareshwar Reservoir in Khandwa, Madhya Pradesh will host 80 megawatts (MW) of floating solar power, according to NTPC Renewable Energy Limited (REL). Rewa Ultra Mega Solar, a joint venture between MP Urja Vikas Nigam and Solar Energy Corporation of India, conducted the auction on August 8, 2023. The electricity produced by the project would be used by the state discoms at the discovered rate of Rs 3.80 per unit.It also stated that after this project is finished, NTPC's floating solar capacity will be 342 MW. The 100-MW NTPC Ramagundam in Telangana floating solar plant is the largest in the nation.20 GW of renewable energy capacity is planned for the NTPC Group, along with a 4 GW energy storage system and the first green hydrogen-based PNG blending facility in the nation. By 2032, NTPC plans to have 60 GW of renewable energy capacity and to be a significant participant in the fields of green hydrogen technology and energy storage.
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