SJVN Commissions 90 MW Omkareshwar Floating Solar Project in Madhya Pradesh
The 90 MW Omkareshwar Floating Solar Project is housed in Omkareshwar Floating Solar Park in District Khandwa, Madhya Pradesh.
August 09, 2024. By Abha Rustagi
90 MW Omkareshwar Floating Solar Project is housed in Omkareshwar Floating Solar Park in District Khandwa, Madhya Pradesh. This Park is the largest floating solar park of India. The project is one of the largest floating solar projects in Central and North India. With the commissioning of the project, the company has ventured into the floating solar power segment.
The project has been developed at a cost of INR 646.20 crores and is expected to generate 196.5 million units of energy in the first year. The estimated cumulative energy generation over a period of 25 years shall be 4629.3 million units. The project will increase SJVN’s revenue by INR 64 crores. On commissioning, it will reduce 2.3 lakh tons of carbon emission and will contribute to the Government of India’s mission of net zero carbon emission by 2070. The project will also help in water conservation by reducing water evaporation.
The project has been bagged at a tariff of INR 3.26 per unit through competitive tariff bidding on a Build Own and Operate (BOO) basis. The bidding was conducted by REWA Ultra Mega Solar Limited (RUMSL). The Power Purchase Agreement has been executed between SGEL, RUMSL, and MPPMCL for 25 years.
Currently, SJVN’s total project portfolio is 56802.40 MW and the company is executing projects in the Hydro, Pumped Storage, Thermal, and Renewable Energy sectors.
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