MP: The country's largest solar park Omkareshwar Floating Solar Project was successfully commissioned

Bhopal, 09 August (HS). 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. The project has been executed by Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN. With the commissioning of the project, the total installed capacity of SJVN has increased to 2466.50 MW.

This information was given by the state's New and Renewable Energy Minister Rakesh Shukla on Friday. He said that the Omkareshwar Floating Solar Project has a capacity of 90 MW. It is India's largest solar park. The project is one of the largest floating solar projects in central and north India. With the commissioning of the project, the company has entered the floating solar power segment.

The project has been developed at a cost of Rs 646 crore

Renewable Energy Minister Shukla informed that the project has been developed at a cost of Rs 646.20 crore and is expected to generate 196.5 million units of electricity in the first year. The estimated cumulative power generation from this will be 4629.3 million units in a period of 25 years. The project will increase the revenue of SJVN by Rs 64 crore. On commissioning, the project will reduce carbon emissions by 2.3 lakh tonnes and will significantly contribute to the Government of India's net zero carbon emission mission by the year 2070. The said project will also help in water conservation by reducing water evaporation.

MOU has been signed for 25 years

Minister Shukla informed that the project has been acquired through competitive tariff bidding on Build Own and Operate basis at a rate of Rs 3.26 per unit. The bidding was conducted by REWGEN Ultra Mega Solar Limited (RUMSL). A power purchase agreement has been signed between SGEL and RUMSL and MPPMCL for a period of 25 years.

The project portfolio is 56802.40 MW

Minister Shukla informed that at present, the total project portfolio of SJVN is 56802.40 MW and the company is executing projects in hydro, pumped storage, thermal and renewable energy sector.