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SJVN bags 90 MW floating solar project worth Rs 585 crore in Madhya Pradesh

After commissioning, the project will generate 219 Million Units in the first year and 5,158 Million Units over a period of 25 years

SJVN | solar power projects | Power ministry

Press Trust of India  |  New Delhi 

The deal will triple Shell’s operational renewables capacity and help it achieve net-zero carbon emissions by 2050, the company said. (Photo: Bloomberg)
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State-run Ltd has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in .

has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar Ltd (RUMSL), Nand Lal Sharma, Chairman & Managing Director, said in a statement.

SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of .

According to the statement, 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 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 PPA.

"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 in turning India into a net-zero carbon emission nation by 2070," Sharma said.

With a total portfolio of 31,000MW, SJVN now has 19 of around 3.3 GW capacity under operation and 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sat, May 07 2022. 15:13 IST