India's SJVN bags 200-MW solar park deal from local utility

The green energy arm of Indian state-owned power generator Satluj Jal Vidyut Nigam (SJVN) has been selected to build a 200-MW solar park on behalf of local power distribution utility Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

SJVN said in a bourse filing on Saturday that it will install the capacity under the build-own-operate (BOO) model. The project will require an overall investment of NR 12 billion (USD 146.8m/EUR 139.3m).

The photovoltaic (PV) park is expected to produce 455.5 million kWh of electricity in the first year of operation, offsetting more than 500,000 tonnes of carbon dioxide (CO2) emissions. Its exact location was not specified.

At present, SJVN has 4,320 MW of renewable energy assets in its portfolio, including 179.5 MW in operation, 1,385 MW under construction and 2,756 MW of projects under development. The company’s goal is to lift its installed renewables capacity to 5,000 MW by 2023. In October, it signed a Memorandum of Understanding (MoU) with Assam Power Distribution Co Ltd (APDCL) to develop 1 GW of floating solar projects in India’s northeastern state of Assam.

(INR 10 = USD 0.122/EUR 0.116)

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