State-owned hydropower producer SJVN Limited has secured a 15MW grid-connected floating solar PV power project on a ‘build-own-operate’ basis in the Indian State of Himachal Pradesh. The PV plant is SJVN’s first floating solar project and will come up at Nangal pond, near village Neilla in the Bilaspur district.
Nand Lal Sharma, chairman and managing director, SJVN Limited, informed that SJVN bagged the full quoted capacity of 15MW at an INR 3.26/kWh tariff in an e-reverse auction held by the Solar Energy Corporation of India.
The cost of developing this floating solar project shall be approximately INR 100 crore. The project is expected to generate 32.85 million units (MU) of electricity in the first year and the cumulative energy generation over a period of 25 years will be approximately 756 MU. The power purchase agreement between SJVN and Bhakra Beas Management Board will be signed shortly.
SJVN has also received the Ministry of New and Renewable Energy’s approval to develop a 400MW solar park in the Kinnaur district in Himachal Pradesh.
These projects will assist SJVN in achieving its ambitious shared vision of 5GW by 2023, 25GW by 2030, and 50GW by 2040 and simultaneously contribute towards the government of India’s RE capacity addition target of 500GW by 2030, it stated.
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