TrueRE Oriana Power wins a 234 MW floating solar project in Jharkhand from Damodar Valley Corporation – EQ
The project is Jharkhand’s largest floating solar project
Once operational, the plant is expected to generate ~ 500 mn kWh of electricity, annually
New Delhi – TrueRE Oriana Power, one of India’s largest and fully integrated renewable energy companies delivering clean energy solutions across the value chain, has won an EPC tender for a 234 MW Grid Tied Floating Solar PV power project in Jharkhand from Damodar Valley Corporation (DVC). The project, located at the Maithon Dam Reservoir in Jharkhand, is the largest floating solar project in the state, and one of the largest floating solar installations in the country.
The project, awarded through a competitive tender process floated by Damodar Valley Corporation, aligns with DVC’s objectives of decarbonisation and long-term energy security. Once operational, the projects will generate around 500 million units of clean electricity annually and offset up to 4 lakh tonnes of CO2 emissions every year. The project also aims to deliver operations and maintenance services for a period of 10 years.
Mr. Parveen Jangra, Founder, Chief Technical & Operating Officer, said, “This project represents a significant step forward in the deployment of utility-scale floating solar in India. Winning this tender reflects our engineering depth, execution discipline, and experience in delivering technically complex renewable energy infrastructure. Floating solar has an important role in optimising land use while supporting large-scale decarbonization. We are committed to delivering this project safely, efficiently, and to the highest performance standards for DVC.
TrueRE Oriana Power has established itself as one of the pioneers in floating solar technology in India, having developed Rajasthan’s first-ever floating solar power plant. Today it is one among the leading players in floating solar, and continues to actively expand its floating solar footprint, taking on more projects.
The project will incorporate a customised anchoring and mooring system design capable of countering river currents, maintaining array alignment, and ensuring long-term structural stability, reflecting TrueRE Oriana Power’s commitment to developing solutions that focus on reliability, constructability, and accelerated execution, while adhering to stringent technical and environmental standards.
About TrueRE Oriana Power
TrueRE Oriana Power is a fully integrated renewable energy platform delivering clean-energy solutions across the value chain — from generation and storage to consumption enablement. Founded in 2013 and headquartered in Noida, India, the company has ~1 GW of solar capacity commissioned and under construction, over 800 MWh of secured battery energy storage with a 1 GWh pipeline, and a growing portfolio of green hydrogen, e-fuels, and circular energy projects. TrueRE Oriana Power has a strong operational presence across 24 Indian states and an expanding global footprint, with executed projects in Africa and recent strategic MoUs in Latin America & Alberta, Canada. Driven by a commitment to innovation, scalability, and sustainability, the company continues to redefine how integrated renewable energy platforms can power a smarter, cleaner, and more resilient future — for India and beyond.
