New Delhi: State-owned SJVN Limited said in a regulatory filing on Saturday that its wholly owned subsidiary, "SJVN Green Energy Limited (SGEL) has received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 200 MW Solar Power Project to be developed in Maharashtra." Further, it added, "The project shall be constructed in a period of 18 months which shall be reckoned from the date of signing of PPA with MSEDCL."
"Tentative cost of construction / development of this project shall be around Rs 1,000 crores. The project is expected to generate 455.52 MUs in the first year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MU," the filing said.
"Commissioning of this project is expected to reduce 5,13,560 Tonnes of carbon emission and would contribute towards GoI mission of 500 GW renewable capacity by 2030," it added.
"The company has aligned its shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW capacity by 2040 with that of central government's target of achieving 50 percent energy from non-fossil fuel sources by 2030. As a strategic and reliable partner, SJVN plans to play a vital role in clean energy transition of the nation and vision to provide round the clock power to all," it added.
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