Friday, May 13, 2022

SJVN bags 90 MW floating solar project in Madhya Pradesh

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New Delhi: SJVN Limited has bagged 90 MW floating solar Project @ Rs 3.26 / unit on build own and operate basis in a tender floated by REWA Ultra Mega Solar Limited (RUMSL).

Informing about the project, SJVN Limited’s Chairman & Managing Director (CMD) Nand Lal Sharma said that SJVN will develop this project in India’s largest floating solar park at Omkareshwar in District Khandwa of Madhya Pradesh. The cost of developing this project will be approximately Rs 585 crore. After commissioning, the project will generate 219 Million Units in the first year and 5,158 million units over a period of 25 years. The power purchase agreement (PPA) will be signed between RUMSL and SJVN for 25 years. The project shall be commissioned within a period of 15 months from the date of signing of the PPA.

Sharma further said, “This is our largest floating solar project bagged through tariff-based competitive bidding process. The commissioning of this project is expected to reduce 2,52,737 tonnes of carbon emission. SJVN is actively contributing to turning India into a net-zero carbon emission nation by 2070.”

With a total portfolio of 31,000 MW, SJVN now has 19 solar power projects of around 3.3 GW capacity under operation and in different stages of development. These recent additions of new projects are leading the company towards actualizing its shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW installed capacity by 2040.

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