SJVN commissions India’s largest floating solar park in MP

New Delhi: SJVN Limited proudly announced the successful commissioning of its groundbreaking 90 MW Omkareshwar Floating Solar Project. This achievement marks a significant milestone for SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, enhancing SJVN's total installed capacity to an impressive 2466.50 MW. SJVN, a Miniratna PSU under the Ministry of Power, continues to lead in the energy sector with innovative projects like the Omkareshwar Floating Solar Project.

Situated in the expansive Omkareshwar Floating Solar Park in District Khandwa, Madhya Pradesh, this project stands as India's largest floating solar park and one of the largest in Central & North India. Developed at a cost of Rs 646.20 crores, the project is projected to generate 196.5 million units of clean energy in its first year alone. Over its estimated 25-year lifespan, it is anticipated to contribute significantly to energy security, producing an estimated cumulative energy generation of 4629.3 million units.

Beyond its impressive energy output, the Omkareshwar Floating Solar Project is set to boost SJVN's revenue by Rs 64 crores and is expected to mitigate approximately 2.3 lakh tons of carbon emissions. This aligns closely with the Government of India's ambitious goal of achieving net zero carbon emissions by 2070. Furthermore, the project's innovative design will aid in water conservation efforts by reducing water evaporation.

The project was secured through competitive tariff bidding at Rs 3.26 per unit under the Build Own Operate model, facilitated by REWA Ultra Mega Solar Limited (RUMSL). The Power Purchase Agreement, spanning 25 years, has been formalized between SGEL and RUMSL & MPPMCL, ensuring stable and sustainable energy supply for the region.

With a diverse project portfolio totaling 56802.40 MW, encompassing Hydro, Pumped Storage, Thermal, and Renewable Energy sectors, SJVN continues to exemplify excellence and leadership in India's energy landscape.