SJVN commissions 90 MW floating solar project
POWER & RENEWABLE ENERGY

SJVN commissions 90 MW floating solar project

SJVN Limited, a Mini Ratna Schedule ?A? CPSU under the Ministry of Power, has recently brought its 90 MW Omkareshwar Floating Solar Project into operation, raising its total installed capacity to 2,466.50 MW. The project, executed by SJVN Green Energy Limited (SGEL), a subsidiary of SJVN, is situated in Omkareshwar Floating Solar Park, Khandwa, Madhya Pradesh, which is recognised as the largest floating solar park in India. Developed at a cost of Rs 6.46 billion, the project is expected to produce 196.5 million units of energy in its first year, with a projected cumulative output of 4,629.3 million units over the next 25 years. This project is set to enhance SJVN?s revenue while also contributing to the reduction of carbon emissions, supporting the government?s goal of achieving net-zero carbon emissions by 2070. Additionally, it will aid in water conservation by minimising evaporation.

The project was awarded at a tariff of Rs 3.26 per unit through a competitive bidding process conducted by REWA Ultra Mega Solar Limited (RUMSL) on a Build, Own, and Operate basis. A Power Purchase Agreement has been established between SGEL, RUMSL, and MPPMCL for a duration of 25 years. Currently, SJVN?s project portfolio stands at 56,802.40 MW, with ongoing projects spanning Hydro, Pumped Storage, Thermal, and Renewable Energy sectors.

SJVN Limited, a Mini Ratna Schedule ?A? CPSU under the Ministry of Power, has recently brought its 90 MW Omkareshwar Floating Solar Project into operation, raising its total installed capacity to 2,466.50 MW. The project, executed by SJVN Green Energy Limited (SGEL), a subsidiary of SJVN, is situated in Omkareshwar Floating Solar Park, Khandwa, Madhya Pradesh, which is recognised as the largest floating solar park in India. Developed at a cost of Rs 6.46 billion, the project is expected to produce 196.5 million units of energy in its first year, with a projected cumulative output of 4,629.3 million units over the next 25 years. This project is set to enhance SJVN?s revenue while also contributing to the reduction of carbon emissions, supporting the government?s goal of achieving net-zero carbon emissions by 2070. Additionally, it will aid in water conservation by minimising evaporation. The project was awarded at a tariff of Rs 3.26 per unit through a competitive bidding process conducted by REWA Ultra Mega Solar Limited (RUMSL) on a Build, Own, and Operate basis. A Power Purchase Agreement has been established between SGEL, RUMSL, and MPPMCL for a duration of 25 years. Currently, SJVN?s project portfolio stands at 56,802.40 MW, with ongoing projects spanning Hydro, Pumped Storage, Thermal, and Renewable Energy sectors.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?