SJVN has bagged a contract to build, own and operate a 83 MW floating solar project worth Rs 585 crore in Madhya Pradesh. The project has been secured at a tariff of Rs 3.70 per unit on build, own and operate basis in an e-reverse auction (e-RA) organised by REWA Ultra Mega Solar (RUMSL). The company will develop this project in India's largest floating solar park at Omkareshwar in district Khandwa, Madhya Pradesh.
After commissioning, the project will generate 187 million units in the first year and 4,410 million units over a period of 25 years. Its commissioning is expected to reduce approximately 2,16,074 tonnes of carbon emission in 25 years. The power purchase agreement (PPA) will be signed between RUMSL and SJVN for 25 years. The project shall be commissioned within 21 months from the date of signing of PPA. The company is implementing this project along with other renewable projects of 4,090.5 MW capacity through its wholly-owned subsidiary SJVN Green Energy.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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