IBEX NEWS,shimla .
SJVN has received Letter of Awards (LoA) for 1352 MW Solar Power Projects to be developed through SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN.
These LoAs have been received in the august presence of Hon’ble Deputy Chief Minister of Maharashtra, Sh. Devendra Fadnavis, Director (Finance), SJVN, Sh. Akhileshwar Singh and CEO, SGEL Sh. Ajay Singh in Mumbai. On this occasion, senior dignitaries of the state and officials of MSEDCL and SGEL were also present.
Smt. Geeta Kapur, Chairman & Managing Director, SJVN informed that these projects of 1352 MW shall be developed at various locations in districts of Maharashtra namely Nashik, Solapur, Ahmednagar and Pune under Mukhya Mantri Saur Krushi Vahini Yojana 2.0. The projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Agro Power Limited, Maharashtra. The total capacity of the tender was 7000 MW and SGEL participated for 1500 MW; 500 MW in Round One and 1000 MW in Round Two. The aforesaid scheme has been launched for implementation of largest Feeder Level Solarisation Scheme in India under component C of PM-KUSUM Scheme.
Total investment for development of these 1352 MW Solar Power Projects will be about 7436 Crores. This shall be the first contribution of SGEL towards the PM-KUSUM Scheme. These projects shall be eligible for Central Financial Assistance, maximum upto 30% of the project cost.
The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 and 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.