SJVN bags 15 MW floating solar project in Himachal Pradesh

• SJVN has actually nabbed the full priced estimate capacity of 15 MW on 'build own and also run' basis via e-Reverse Auction held by Solar Energy Corporation of India, the company claimed.

State-run SJVN on Saturday said that it has won a 15 MW grid-connected floating solar PV power project in Bilaspur area of Himachal Pradesh.

SJVN Chairman as well as Managing Director Nand Lal Sharma in a statement claimed that the power manufacturer got the floating solar energy project at Nangal pond, near village Neilla, in the district at the rate of Rs 3.26 per unit.

SJVN has actually nabbed the full priced quote capacity of 15 MW on 'develop own and also operate' basis through e-Reverse Auction held by Solar Energy Corporation of India, the firm stated.

"It is a pleased moment for SJVN that it has landed its first Floating Solar Project in Himachal Pradesh. The company is focusing on developing Renewable resource to emerge as a major factor in recognizing the Government of India's vision to produce 500 GW Energy by 2030 from non-fossil resources," Sharma said.

Sharma apprised that the expense of creating this Floating Solar Project will be approximately 100 crores.

The project is expected to create 32.85 MU (million devices) in the first year and the cumulative energy generation over a period of 25 years will be roughly 756 MU. The Power Purchase Agreement between SJVN & Bhakra Beas Management Board will certainly be authorized shortly.

Sharma even more stated that SJVN currently has 11 solar energy projects of 2,965 MW capacity under different phases of advancement with a total portfolio of more than 16,800 MW.

These recent addition of brand-new projects is taking SJVN to new heights. The company gets on aggressive development path that will lead to realising its Shared Vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW installed capacity by 2040.