State-owned SJVN Ltd on Saturday stated that its arm SJVN Inexperienced Vitality has bagged a 200 MW photo voltaic venture price Rs 1,200 crore from Maharashtra State Electrical energy Distribution Firm Ltd.
“Firm by means of its wholly-owned subsidiary SJVN Inexperienced Vitality Restricted has bagged 200 MW solar energy venture on Construct Personal and Function (BOO) foundation from Maharashtra State Electrical energy Distribution Firm Restricted (MSEDCL) by means of e-RA (Reverse Public sale) carried out on December 2, 2022,” a BSE submitting stated.
The tentative price of this venture is round Rs 1,200 crore and the venture is anticipated to generate 455.52 Million Items (MUs) within the 1st 12 months and the cumulative vitality technology over a interval of 25 years can be about 10,480.82 MUs, it stated.
The commissioning of the venture is anticipated to cut back 5,13,560 tonnes of carbon emission and would contribute to the federal government of India’s mission of discount in carbon emission.
At present the corporate’s renewable portfolio stands at 4,320.5 MW, out of which 179.5 MW is beneath operation, 1,385 MW beneath development and a pair of,756 is at completely different phases of implementation.
The corporate has aligned its shared imaginative and prescient of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW capability by 2040 with that of the federal government of India’s goal of reaching 50 per cent vitality from non-fossil gas sources by 2030.
As a strategic and dependable associate, SJVN plans to play an important position in clear vitality transition of the nation, it acknowledged.