Business Standard

SJVN update on 1000 MW solar power project in Bikaner, Rajasthan

Image

Capital Market
SJVN has been issued letter of award by India Renewable Energy Development Agency for development of grid connected solar PV power project of 1000 MW capacity under CPSU scheme.

Further, the company issued the letter of award for EPC contract to Tata Power Solar Systems on 04 May 2022 for the development of 1000 MW (AC) of ground mounted solar project in Bikaner, Rajasthan. The scope includes end to end delivery of the commissioned solar plant to SJVN including arrangement of land on outright purchase basis, power evacuation system up to the ISTS sub station and operation and maintenance of the solar PV plant for 3 years.

 

The composite cost for construction / development of cumulative 1000 MW (AC) projects is Rs 5,491.89 crore and the project is expected to generate 2454.55 MU's in the 1st year and on cumulative basis approximately 56838.32 MU's would be generated over a period of 25 years.

The project is slated to be completed in 24 months from the issuance of EPC Contract i.e by May 2024. The LOA awarded to Tata Power Solar Systems is the India's largest Solar EPC Project of 1 GW for a value Rs 5,491.89 crore. The commissioning of this project is expected to reduce 27,85,077,680 kg of carbon emissions in 25 years.

This project will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 05 2022 | 12:19 PM IST

Explore News