SJVN Secures 83 MW Floating Solar Project in Madhya Pradesh

• State-run SJVN Ltd introduced that it has been granted a contract worth Rs 585 crore to construct, very own, and manage an 83 MW floating solar plant in Madhya Pradesh.
• According to a release by REWA Ultra Mega Solar Ltd. (RUMSL), the project has been secured at a tariff of Rs 3.70 per unit on a develop, own, and operate basis.

State-run SJVN Ltd introduced that it has been awarded a contract worth Rs 585 crore to construct, own, and also take care of an 83 MW floating solar plant in Madhya Pradesh. According to a release by REWA Ultra Mega Solar Ltd. (RUMSL), the project has actually been secured at a tariff of Rs 3.70 per unit on a build, have, and run basis.

"The largest floating solar park in India would certainly be built at Omkareshwar in the Madhya Pradesh district of Khandwa. The estimated price of developing the floating solar plant is Rs 585 crore," according to SJVN Chairman as well as Managing Director Nand Lal Sharma.

The project will certainly create 4,410 million units over 25 years after commissioning, with 187 million units created in the initial year. It stated that after it is put into procedure, carbon emissions must be reduced by about 2,16,074 tonnes over 25 years.

RUMSL as well as SJVN will become part of a 25-year power purchase agreement (PPA). After the PPA is signed, the project has to be put into service in less than 21 months. "Given that we are presently building a 90 MW floating solar project in Madhya Pradesh. This is our second floating solar project gotten via a tariff-based affordable bidding process from RUMSL," Nand Lal Sharma stated further.

Via its completely possessed subsidiary SJVN Green Energy Ltd, SJVN is carrying out this project along with further renewable energy projects totaling 4,090.5 MW in capacity.

Just Recently, Satluj Jal Vidyut Nigam (SJVN) Green Energy floated a tender for establishing a pilot project for a green hydrogen manufacturing plant of 20NM3/ HR capacity incorporated with 25KW fuel cell power generation plant at 1500 MW NJHPS, Himachal Pradesh.

In Addition, Satluj Jal Vidyut Nigam (SJVN) Green Energy likewise floated a tender for the supply of a 15 MW floating solar PV power plant at Nangal Pond in Bilaspur, Himachal Pradesh.

The Omkareshwar floating solar energy plant is approximated to eventually involve financial investments of over INR 3000 crores as well as will generate 600 MW of power. The initial part of 300 MW has actually been assigned to SJVN and 2 others.