The Brihanmumbai Municipal Corporation (BMC) on Sunday signed a memorandum of understanding on the generation and purchase of power from the proposed hybrid solar power plant at the Balasaheb Thackeray Middle Vaitarna Dam.
As part of the project, 100 megawatts of electricity will be generated. While the long-planned hydroelectric plant will have a capacity of 20 MW, the floating solar photovoltaic plant will be able to generate up to 80 MW. The project will last 31 months. The civic body has planned to increase the power supply to its water filtration plants which will help it save around Rs 25 crore a year on electricity bills.
The MoU was signed between BMC and Vaitarna Solar Hydro Power Genco Private Limited, a joint venture of Mahalaxmi Konal Urja Private Limited and Shapoorji Pallonji & Company Limited, in the presence of the state’s Minister of Environment, Aaditya Thackeray . The civic body will procure electricity at the rate of Rs 5.3 per kilowatt for the next 25 years.
“The project is BMC’s step towards carbon neutrality and harnessing renewable energy, as the plant will reduce reliance on fossil fuels,” Thackeray said.
In February 2021, the company’s standing committee had approved a proposal to build hybrid solar power plants. BMC will not have to spend money on setting up solar power plants as the company finalized for construction will bear the cost and then sell the electricity.