Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Bhilai Steel Plant (BSP), the Chhattisgarh-based subsidiary of the state-run Steel Authority of India Limited (SAIL), plans to develop the state's first 15-MW floating solar project in its Maroda-1 reservoir to reduce carbon emissions. The steel company is working on several initiatives to support renewable energy sources, save energy, and lower carbon emissions.
“In a major step towards this, Bhilai Steel Plant has taken up the project of installation of a 15 MW capacity floating solar plant in its Maroda-1 reservoir,” a BSP spokesperson said. NTPC-SAIL Power Supply Company Limited (NSPCL), a 50:50 joint venture between National Thermal Power Corporation (NTPC) and SAIL, is carrying out the project. The solar facility will be located in the Durg district.
The Maroda reservoir is 2.1 square kilometres in size and has a storage capacity of 19 cubic millimetres (MM3). The water stored in the Maroda-I reservoir not only feeds the plant but also the township. Total green power generation estimated from this plant is likely to be about 34.26 million units annually, which will be consumed by Bhilai Steel Plant as captive power. The project is expected to reduce BSP's CO2 emissions by 28,330 tonnes annually.
NTPC, the project consultant, floated the tender for the project in January this year. The tender process has been completed, and the Engineering, Procurement, and Construction Contract (EPC) is likely to be awarded shortly, officials said. The project is scheduled to be completed by next year.
The first solar project of NSPCL will open avenues of green energy portfolio for NSPCL while helping SAIL in green steel production. SAIL-Bhilai Steel Plant is also proposing another 35 MW solar power plant through NSPCL in the next phase. The DPR has already been prepared, and the tender process is likely to start soon.
Also Read : CIAL & BPCL inks MoU to set up country's first green hydrogen plant at airport GEECL claims over ₹100 crore from Matix Fertilisers in GSPA dispute
Japan's Renesas Electronics announced on Thursday its plans to acquire electronics design firm Altiu...
Asia 15-Feb-2024
The Indian steel industry is abuzz with speculation regarding a possible 12% import levy on steel, t...
Business 08-Mar-2025
The UK-based IT solutions firm CarbonChain and the international distributor of materials and servic...
Europe 30-Jan-2024
The Odisha group of Mines (OGOM), operating under the Rourkela Steel Plant (RSP) of the state-run st...
Mid Corporate 28-Jun-2024
Base metal prices have risen to multi-year highs, driving the BSE Metal index to a new all-time high...
Non-Ferrous 24-Apr-2024
Crude oil futures fell, despite an uptick in attacks on merchant boats in the Red Sea and a drop in...
Energy 21-Feb-2024