Greater Visakhapatnam Municipal Corporation (GVMC) has commissioned a 3 MW floating solar power project at Meghadrigedda Reservoir in Visakhapatnam.
The Asian Development Bank has granted Rs 140 million urban climate change resilience trust fund for this floating solar initiative under the Visakhapatnam-Chennai Industrial corridor development programme. The project will reach its breakeven in five years. The project will generate 4.2 million units of power annually.