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State-run SJVN Ltd on Wednesday awarded the contract to build a 1,000 MW solar power project in Bikaner, Rajasthan, to Tata Power Solar Systems Ltd.
Nand Lal Sharma (the Chairman and Managing Director of SJVN), stated in a statement that SJVN had issued a Letter of Award (Letter of Award), for engineering, procurement, construction (EPC), of 1,000 MW of solar project in Bikaner, to Tata Power Solar Systems Ltd. Sharma said that this is India’s largest solar EPC contract to date.
The statement states that the total cost of construction and development for the project was Rs 5,491.89 crore. The project will produce 2,454.55 (million units) of electricity in the first year, and roughly 56,838.32 over 25 years. This project will reduce carbon emissions by approximately 27,85,077 tons over 25 years. The project will be in operation by May 2024.
Sharma further stated, “This project consolidates our commitment to achieving Government of India’s target of 500GW non-fossil fuel energy capacity and reduction of total carbon emissions by one million tonnes by 2030.” SJVN’s Shared vision of 5000 MW in 2023, 25000MW by 2030 and 50000MW by 2040 is being made possible by the recent acquisition of solar projects. Sharma stated that this EPC Contract covers the entire delivery of the commissioned solar power plant to SJVN, including the arrangement of land on an outright basis, the power evacuation system to the ISTS Sub Station and operation and maintenance of the Solar PV Plant for three year.
SJVN secured the 1,000 MW solar power plant through a competitive bidding process in accordance with the CPSE Scheme (central government sector enterprise) of Government of India.
SJVN is constantly adding capacity to its portfolio. SJVN currently has around 31,000 MW in its portfolio. The SJVN generates power by hydro, thermal wind, solar and solar. However, it has also ventured into power transmission & power trading.