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SJVN Wins 105 MW Floating Solar Project Worth Rs 730 Crore in Maharashtra

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SJVN Wins 105 MW Floating Solar Project Worth Rs 730 Crore in Maharashtra

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State-owned SJVN announced Wednesday that it won a floating solar project of 105 MW worth Rs 730 Crore in an e-reverse auction by Maharashtra State Power Generation Company (MAHAGENCO).

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Nand Lal Sharma (Chairman & Managing Director of SJVN) stated in a statement, that SJVN had obtained a floating solar project with a 105-MW capacity through an e-reverse auction conducted by MAHAGENCO.

Sharma said that SJVN won the project at Rs 3.93/unit on Build, Own and Ope basis in the tariff-based competitive bidding process for MAHAGENCO.

He stated that the estimated cost of developing this project is Rs 730 crore.

The project will be in commission within 15 months of the signing of the Power Purchase Agreement, which will be signed by SJVN and MAHAGENCO soon.

He said, “After commissioning, the project will generate 230 million unit in first year and 5,420 million unit over a period of 25 years. The commissioning of this project is expected to reduce 2,65,602 tonnes of carbon emission. SJVN is actively contributing in efforts of government of India for achieving net zero carbon emission by 2070.” He said that the SJVN is on a rapid expansion and capacity addition journey. Present portfolio of the company is more than 42,000 MW and the company is marching forward tirelessly to achieve its shared vision of 5,000 MW by 2023, 25,000 MW by 2030 & 50,000 MW installed capacity by 2040.

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