New Delhi: Green energy PSU SJVN Limited has secured 200 MW solar power project through an e-reverse auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL). This information has been given by the SJVN CMD NL Sharma on Friday.

Sharma stated that SJVN bagged the full quoted capacity of 200 MW solar project @ Rs 2.90/Unit on a build-own and operate basis in the tariff-based competitive Bidding process of MSEDCL. This Ground Mounted Solar Project shall be developed by SJVN anywhere in Maharashtra through the EPC contract. Further apprising about the project, Sharma said that the tentative cost for the development of this project is Rs 1200 crore. The Project will be commissioned within 18 Months from the date of signing of the Power Purchase Agreement which shall be signed between SJVN & MSEDCL shortly.

Sharma said "Our vision is aligned with that of the government's vision for a greener future and carbon neutral economy. With the allotment of this project, our solar & wind portfolio stands at 3946.5 MW out of which 104.5 MW is under operation, 1370 MW is under construction and 2472 MW is under various stages of implementation."

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