SJVN has bagged a 200 MW solar project in Maharashtra at ₹2.90/unit through a competitive bidding process, announced Chairman & Managing Director, Sh. Nand Lal Sharma. The ground-mounted solar power plant will be developed by SJVN’s wholly owned subsidiary, SJVN Green Energy Ltd. (SGEL) at an investment of ₹1000 crores.
“…SJVN Green Energy Ltd (SGEL) received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 200 MW solar power project to be developed anywhere in Maharashtra,” stated a BSE filing.
The timeline for completing the project is set at 18 months from the signing date of the Power Purchase Agreement (PPA) between SJVN and MSEDCL..
The massive solar project will generate about 456 million units of energy in the first year and a cumulative 10,480 million units in the next 25 years. Moreover, the project is expected to offset 5, 13,560 tonnes of CO2 in its lifetime.
SJVN is a state-owned power giant, with a portfolio of 46,879 MW, the majority of which is renewable energy based. Last year, the organization announced plans to develop floating solar power projects of 1GW in Assam.
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