SJVN Green Energy Ltd, an arm of SJVN, has won a 90 MW capacity in the second-phase 300 MW auction of the Omkareshwar floating solar project in Madhya Pradesh. It won the capacity by quoting INR 3.79/kWh in a tariff-based competitive bidding process followed by a reverse auction conducted by REWA Ultra Mega Solar Ltd (RUMSL).
SGEL will develop the plant on a build-own-operate (BOO) basis.
The power purchase agreement shall be executed after issuance of the letter of intent from RUMSL and M.P. Power Management Company Limited, stated SGEL.
The project development cost is estimated at INR 610 Cr.
When operational, the project is expected to generate 203 million units (MUs) in the first year and about 4,781 MUs over a period of 25 years.
The project is scheduled for commissioning within 21 months from the signing of the power purchase agreement. This is SGEL’s second unit at Omkareshwar Floating Solar Park. It is already developing 90 MW (Unit-F) under the first phase of the Omkareshwar Floating Solar Park.
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