SJVN wins 83 MW floating solar project in Madhya Pradesh


State-owned SJVN has secured an 83 MW floating solar project in Madhya Pradesh by placing the lowest bid of INR 3.70/kWh in a reverse auction conducted by REWA Ultra Mega Solar Ltd (RUMSL).

SJVN will set up the project on a build-own-operate basis, in India’s largest floating solar park at Omkareshwar in the Khandwa district. The cost of project development is estimated at INR 585 crore.

SJVN will supply the power generated under a 25-year power purchase agreement with RUMSL. The project is scheduled for commissioning within 21 months from the date of the PPA signing.

After commissioning, the project is expected to generate 187 million units in the first year and 4,410 million units over a period of 25 years, helping to offset around 2,16,074 tonnes of carbon emission in 25 years.

SJVN is implementing this project along with other renewable projects of 4,090.5 MW capacity through its wholly-owned subsidiary SJVN Green Energy Ltd.


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