SJVN wins 200 MW Solar Power Project in Maharashtra

New Delhi: Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN Limited informed that continuing its rapid portfolio addition, SJVN has secured a 200 MW Solar Power Project in Maharashtra. 

SJVN will implement the project through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL).

Sh. Nand Lal Sharma apprised that SJVN has won yet another project through competitive bidding @ Rs 2.95 per unit on Build Own and Operate basis in an e-Reverse Auction organized by Maharashtra State Electricity Distribution Company Limited (MSEDCL). 

SJVN will develop this solar project anywhere in Maharashtra through an EPC contract. With this project in hand, SJVN is now developing 505 MW solar projects in the state of Maharashtra.

Sh. Nand Lal Sharma further stated that the tentative cost for the development of this project is around Rs 1200 crores. On commissioning, the project is expected to generate 455 Million Units in the first year & 10,480 Million Units over a period of 25 years. Approximately 5,13,560 tonnes of carbon emission reduction is expected from the project. 

The Power Purchase Agreement will be signed between SJVN & MSEDCL for 25 years. As per RfS, the Project shall be commissioned in 15 Months from the date of the PPA signing if the project is developed in a solar park and if the project is developed outside the solar park it shall be developed within 18 months.

“This has happened for the first time in 35 years long incredible history of SJVN is that 938 MW solar projects have been added to the company’s portfolio in a single financial year,” said Sh. Nand Lal Sharma. 

With the allotment of this project, the company’s solar portfolio now stands at 4320.5 MW out of which 179.5 MW is under operation, 1385 MW is under construction and 2756 MW is under various stages of implementation. Also, SJVN has recently signed an MoU with the Government of Odisha for the development of 3000MW Hydro & Solar projects in the state. 

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