SJVN Limited, a Mini Ratna Schedule ‘A’ CPSU under the Ministry of Power, Government of India, has successfully commissioned its 90 MW Omkareshwar Floating Solar Project in Madhya Pradesh. The project, executed by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, marks the company’s entry into the floating solar power segment.
Located in the Omkareshwar Floating Solar Park, the largest floating solar park in India, the project is one of the largest floating solar projects in Central and North India. Developed at a cost of Rs. 646.20 crores, the project is expected to generate 196.5 million units of energy in the first year and 4629.3 million units over 25 years.
The commissioning of the project increases SJVN’s installed capacity to 2466.50 MW and is expected to add Rs. 64 crores to the company’s revenue. The project will also contribute significantly to the Government of India’s mission of net zero carbon emission by 2070, reducing 2.3 lakh tons of carbon emission and helping in water conservation by reducing water evaporation.
The project was bagged at a tariff of Rs. 3.26 per unit through competitive tariff bidding on a Build Own and Operate basis, conducted by REWA Ultra Mega Solar Limited (RUMSL). The Power Purchase Agreement has been executed between SGEL and RUMSL & MPPMCL for 25 years.
