State-run SJVN has won a 15 megawatts (MW) grid-connected floating solar PV power project in the Bilaspur district of Himachal Pradesh. According to the company statement, “SJVN has bagged the full quoted capacity of 15 MW on a ‘build own and operate’ basis through an e-Reverse Auction held by Solar Energy Corporation of India (SECI).”
“It is a proud moment for SJVN that it has bagged its first Floating Solar Project in Himachal Pradesh. The company is focusing on developing renewable energy to emerge as a major contributor in realizing the Government of India’s vision to generate 500 GW Energy by 2030 from non-fossil sources,” said Chairman and Managing Director, SJVN, Nand Lal Sharma.
He further added that the power producer has bagged the floating solar power project at Nangal pond, near village Neilla, in the district at the rate of Rs 3.26 per unit. The cost of developing this floating solar project has been pegged at roughly Rs 100 crores. The project is expected to generate 32.85 MU (million units) in the first year and the cumulative energy generation over a period of 25 years will be approximately 756 MU.
The power purchase agreement between SJVN and Bhakra Beas Management Board on the same is expected to be signed shortly. With this project, SJVN now has 11 solar power projects of 2,965 MW capacity under different stages of development with a total portfolio of more than 16,800 MW. Given the company’s aggressive growth plans it is expected that it will achieve its targeted installed capacity of 25,000 MW by 2030 and 50,000 MW by 2040.