New Delhi, 09 March 2024: SJVN Limited a Mini Ratna, Category-I and Schedule ‘A’ Central public sector enterprise under the administrative control of Ministry of Power, Government of India, has received Letters of Award for development of Solar Power Projects of capacity 1,352 MW in Maharashtra.
The projects will be developed through SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, in four districts of the state, namely, Nashik, Solapur, Ahmednagar and Pune. Chairperson & Managing Director, SJVN, Smt. Geeta Kapur has informed that these solar projects will be developed under Mukhya Mantri Saur Krushi Vahini Yojana 2.0 of the Government of Maharashtra.
SJVN received the Letters of Award in the presence of Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis; Director (Finance), SJVN, Shri Akhileshwar Singh; and CEO, SGEL Shri Ajay Singh at an event held in Mumbai on 7th March, 2024. Officials of the state government, Maharashtra State Electricity Distribution Co. Limited and SGEL were also present.
Total investment for the development of solar power projects of 1,352 MW capacity will be about Rs. 7,436 crores. This will be the first contribution of SGEL towards the PM-KUSUM Scheme. These projects will be eligible for Central Financial Assistance, up to a maximum of 30% of the project cost.
The projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Solar Agro Power Limited, Maharashtra. The total capacity of the tender was 7000 MW and SGEL participated for 1,500 MW – 500 MW in Round One and 1,000 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.
Looking ahead, SJVN aims to grow by setting ambitious targets to achieve the shared vision of 25,000 MW installed capacity by the year 2030 and 50,000 MW installed capacity by the year 2040. This shared vision has been formulated in line with the Government of India’s commitment of having 50% of total power capacity from non-fossil-fuel-based energy sources by the year 2030.
