SJVN to build 83 MW Floating Solar Project in MP

Shimla: SJVN has secured 83 MW Floating Solar Project in Madhya Pradesh. It has been secured at Rs 3.70 per Unit on Build Own and Operate basis organised by REWA Ultra Mega Solar Limited (RUMSL).

SJVN will develop this project in India’s largest Floating Solar Park at Omkareshwar in District Khandwa, Madhya Pradesh. The cost of developing the Floating Solar Project will be approximately Rs 585 Crores.

After commissioning, the project will generate 187 Million Units in first year and 4410 Million Units over a period of 25 years. The commissioning of this Project is expected to reduce approximately 2,16,074 tonnes of carbon emission in 25 years.

The Power Purchase Agreement will be signed between RUMSL & SJVN for 25 years. The project shall be commissioned within a period of 21 months from the date of signing of PPA. 

The PSU is implementing this Project along with other Renewable Projects of 4090.5 MW capacity through its wholly owned subsidiary SJVN Green Energy Limited.