SJVN secures 90 MW floating solar project in Madhya Pradesh

SJVN Limited’s subsidiary, SJVN Green Energy Limited (SGEL), has bagged a 90 MW floating solar project in Omkareshwar floating solar park, Madhya Pradesh at a tariff of Rs 3.79 per unit.

The floating solar project has been secured in tariff based competitive bidding process of e-reverse auction conducted by REWA Ultra Mega Solar Limited (RUMSL) on build own and operate basis.  This is SJVN’s second project in Omkareshwar floating solar park as the company is already developing 90 MW floating project which will be commissioned in current financial year. The tentative development cost of the project is Rs 6.10 billion and will be developed through engineering, procurement and construction contract. The project is expected to generate 4,781 million units over a period of 25 years. The project will be commissioned in a period of 21 months from the date of signing of power purchase agreement.