SJVN To Build 105-MW Floating Solar Project In Maharashtra

• The company has actually won the 105-MW floating solar project from the Maharashtra State Power Generation Company (MAHAGENCO).
• It bagged the project at a rate of Rs 3.93 per unit on Build Own and also Operate (BOO) basis in MAHAGENCO's tariff based competitive bidding process.

State possessed renewable energy international Satluj Jal Vidyut Nigam (SJVN) has announced that the company has actually won the 105-MW floating solar project from the Maharashtra State Power Generation Company (MAHAGENCO). SJVN said that it obtained the project via an e-reverse auction.

SJVN stated in the announcement that it nabbed the 105-MW Floating Solar Project at a rate of Rs 3.93 per unit on Build Own and Operate (BOO) basis in MAHAGENCO's tariff based affordable bidding process. It additionally claimed that the expense of the floating solar will pertain to Rs 730 crores.

SJVN Chairman & Managing Director, Nand Lal Sharma, informed that the project will certainly be commissioned within 15 months from the day when SJVN & MAHAGENCO sign the Power Purchase Agreement (PPA). The company additionally claimed that the PPA is anticipated to be signed soon.

"After commissioning, the project will create 230 million units in very first year & 5420 million unit over a period of 25 years. The appointing of this Project is expected to lower 2,65,602 tonnes of carbon emission. SJVN is actively adding in efforts of Government of India of accomplishing net zero carbon emission by 2070," said Nand Lal Sharma.

Just recently, SJVN had authorized an agreement with the Assam Power Distribution Company Limited (APDCL) to create 1000 MW of Floating Solar Power Projects in Assam by incorporating a Joint Venture Company.

In August it had issued a tender for a 15MW floating solar PV nuclear power plant at Nangal Pond in District Bilaspur of Himachal Pradesh. Last year, SJVN likewise signed a MoU with Damodar Valley Corporation (DVC) for harnessing possible Solar Energy of about 2000 MW offered under the DVC Command Location that would include floating solar.

SJVN has a present portfolio of more than 42,000 MW as well as wants to achieve its Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW mounted capacity by 2040.

SJVN is a Mini Ratna company currently carrying out or operating power projects in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, as well as Arunachal Pradesh in India besides surrounding nations of Nepal and Bhutan.