SJVN commissions 90 MW floating solar project

12 Aug 2024 CW Team

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.

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