SJVN baggage Maharasthra discom’s 200-MW photo voltaic venture price Rs 1,200 crore

State-owned SJVN Ltd on Saturday mentioned that its arm SJVN Inexperienced Power 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 Power 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) performed on December 2, 2022,” a BSE submitting mentioned.

The tentative value of this venture is round Rs 1,200 crore and the venture is anticipated to generate 455.52 Million Models (MUs) within the 1st Yr and the cumulative power technology over a interval of 25 years could be about 10,480.82 MUs, it mentioned.

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.

Presently the corporate’s renewable portfolio stands at 4,320.5 MW, out of which 179.5 MW is below operation, 1,385 MW below development and a pair of,756 is at completely different levels 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 attaining 50 per cent power from non-fossil gasoline sources by 2030.

As a strategic and dependable associate, SJVN plans to play an important function in clear power transition of the nation, it said.