State-owned SJVN has secured a 105 MW floating solar project in Maharashtra by placing the lowest bid of INR 3.93/kWh in a reverse auction conducted by Maharashtra State Power Generation Company (MAHAGENCO).
SJVN will set up the project on a build-own-operate basis. The tentative cost for the project development will be INR 730 crore ($87.9 million). The project is scheduled for commissioning within 15 months from the date of signing of the power purchase agreement.
Nand Lal Sharma, chairman and managing director of SJVN, said, “After commissioning, the project will generate 230 million units of electricity in the first year and 5,420 million units over a period of 25 years. The commissioning of this project is expected to reduce 2,65,602 tonnes of carbon emission.”
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