SJVN CMD performed Bhumi Pujan at 90 MW Floating Solar Project in MP

New Delhi: SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma inaugurated the commencement of engineering, procurement & construction (EPC) works of 90 MW Floating Solar Project at Omkareshwar Reservoir, Madhya Pradesh on Friday by performing Bhumi Pujan at the project site.

Sharma informed that the project is being developed by SJVN's wholly-owned subsidiary, SJVN Green Energy Limited (SGEL). The project was bagged at Rs 3.26 per unit on build own and operate basis through open competitive tariff-based bidding conducted by REWA Ultra Mega Solar Limited (RUMSL). The power purchase agreement (PPA) was signed between SGEL, RUMSL and MP Power Management Company Limited (MPPMCL). In the latest development, EPC contract for the project has been awarded to Larsen & Toubro (L&T) Limited.

Sharma further stated that an investment of Rs 650 crores will be made on this project. As per the contract agreement, project is scheduled to be commissioned by December 2023. Energy generation of 196 million units in first year and cumulative energy generation of about 4,570 million units over a period of 25 years is expected from the project. On commissioning, carbon emission reduction to the tune of 2,23,923 tonnes is expected which will be a significant contribution in the Government's mission of net zero carbon emission by 2070.

On this occasion, SJVN Limited's Director (Personnel) Geeta Kapur, SJVN Limited's Director (Finance) AK Singh and senior officials from SJVN, SGEL and L&T were also present.

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