SJVN awards 1000 MW Solar Project for Rs 5500 crore EPC Contract in Rajasthan – EQ Mag Pro
The project will generate 2454.55 MU of electricity in 1st year and approximately 56838.32 MU over a period of 25 years.
SHIMLA: Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that today, SJVN issued LOA (Letter of Award) for Engineering, Procurement and Construction (EPC) of 1000 MW Solar Project in Bikaner, Rajasthan to M/s Tata Power Solar Systems Limited.
Sh. Nand Lal Sharma apprised that this is India’s biggest Solar EPC Contract that has been awarded till date. The composite cost for the construction & development of the project is Rs 5491.89 Crore. The project will generate 2454.55 MU of electricity in 1st year and approximately 56838.32 MU over a period of 25 years.
The commissioning of this project is expected to reduce approximately 27,85,077 tonnes of carbon emission in 25 years. The project will be commissioned by May 2024.
Sh. Nand Lal Sharma said “This Project further consolidates our commitment towards achieving Government of India’s target of 500 GW non-fossil energy capacity and reduction of total projected carbon emissions by one billion tonnes by 2030. The recent securing of new solar projects is also paving the way for achieving SJVN’s Shared Vision of 5000 MW by 2023, 25000 MW by 2030 & 50000 MW by 2040.”
Sh. Nand Lal Sharma further stated that the scope of this EPC Contract 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 three years.
The 1000 MW Solar Power Project was secured by SJVN through competitive Bidding Process under CPSE Scheme of GOI.
Under the dynamic leadership of Prime Minister Sh. Narendra Modi and guidance of Union Power Minister Sh. R. K Singh, SJVN is adding significant capacities to its portfolio. Presently, SJVN has a portfolio of around 31,000 MW. Besides generating power through hydro, thermal, wind and solar, SJVN has also diversified & ventured into Power Transmission and Power Trading.
Source: psuconnect
