India Buzz News

SJVN Ltd secures a contract of Rs 7,436 crore to build solar power plants in Maharashtra

<p>The Power Ministry said on Friday that SJVN Limited, a Mini Ratna Central public sector business, has secured a contract of Rs 7,436 crore for the construction of solar power projects with a capacity of 1,352 MW in Maharashtra with an investment of Rs 7,436 crore.</p>
<p><img decoding=”async” class=” wp-image-492102″ src=”×500.jpg” alt=” sjvn ltd secures a contract of rs 7436 crore to build solar power plants in mahara” width=”997″ height=”666″ title=”SJVN Ltd secures a contract of Rs 7,436 crore to build solar power plants in Maharashtra 9″ srcset=”×500.jpg 750w,×683.jpg 1024w,×512.jpg 768w, 1200w” sizes=”(max-width: 997px) 100vw, 997px” /></p>
<p>In four districts—Nashik, Solapur, Ahmednagar, and Pune—the projects will be constructed by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN.</p>
<p>This will be SGEL’s first payment to the PM-KUSUM program. Up to thirty percent of the total project cost may be awarded in Central funding for certain projects.</p>
<p>These solar projects will be created under the Maharashtra government’s Mukhya Mantri Saur Krushi Vahini Yojana 2.0, according to SJVN Chairperson and Managing Director Geeta Kapur.</p>
<p>By implementing 7,000 MW of decentralized solar installations in fast-track mode, the initiative aims to achieve 30 percent feeder solarization by 2025, providing farmers with daytime power supplies.</p>
<p>After the MSEB Solar Agro Power Limited in Maharashtra issued a tender, SGEL won the projects via a competitive bidding procedure.</p>
<p>SGEL competed in the tender for 1,500 MW, 500 MW in Round 1 and 1,000 MW in Round 2, out of the total 7000 MW capacity.</p>
<p>Under component C of the PM-KUSUM program, the aforementioned scheme has been introduced to execute the biggest feeder-level solarization scheme in India.</p>
<p>With a forward-thinking outlook, SJVN wants to expand by establishing challenging goals to realize the common goal of 25,000 MW installed capacity by 2030 and 50,000 MW installed capacity by 2040.</p>
<p>This common goal has been developed in accordance with the Indian government’s pledge to get 50% of its electricity capacity from sources other than fossil fuels by 2030.</p>
<p>At a ceremony conducted in Mumbai on Thursday, SJVN received the Letters of Award in the presence of Deputy Chief Minister of Maharashtra, Devendra Fadnavis; Director (Finance), SJVN, Akhileshwar Singh; and CEO, SGEL, Ajay Singh.</p>

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