SJVN bags its first-ever 15 MW floating solar power project

New Delhi: SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma on Saturday informed that SJVN has bagged a 15 MW grid-connected floating solar PV power project at Nangal pond, near village Neilla, District Bilaspur, Himachal Pradesh. SJVN has bagged the full quoted capacity of 15 MW @ Rs 3.26 /Unit on build own and operate basis through an e-reverse auction held by Solar Energy Corporation of India (SECI).

Speaking on this Sharma said, "It is a proud moment for SJVN that it has bagged its first floating solar project in Himachal Pradesh. The company is focusing on developing renewable energy to emerge as a major contributor in realizing Government's vision to generate 500 GW energy by 2030 from non-fossil sources."

He apprised that the cost of developing this floating solar project shall be approximately 100 crores. The project is expected to generate 32.85 MU in the first year and the cumulative energy generation over a period of 25 years will be approximately 756 MU. The power purchase agreement between SJVN & Bhakra Beas Management Board will be signed shortly.

Sharma further stated that SJVN now has 11 solar power projects of 2,965 MW capacity under different stages of development with a total portfolio of more than 16,800 MW. These recent additions of new projects is taking SJVN to new heights. The company is on an aggressive growth path that will lead to actualizing its shared vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW installed capacity by 2040.

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