CCI approves acquisition of equity of Royal Challengers by a consortium (See 'Corp Brief') CCI approves acquisition of shares in Krazybee Services and Finnovation Tech by Mars Equity Dragon Fund (See 'Corp Brief') Trade Marks - While Section 9(1)(a) bars registration of marks devoid of distinctive character, distinctiveness is to be assessed w.r.t the goods & not in abstract; composite marks must be evaluated as a whole: HC (See 'Legal Desk') CCI approves combination of 7 SPVs by Anantam Highways to Build India Infrastructure Fund (See 'Corp Brief') CCI okays combination of Nippon Life by DWS Group GmbH (See 'Corp Brief') CGST Delhi observes GST Pakhwada 2026 with stakeholder outreach (See 'Corp Brief') Arbitration and Conciliation - Writ court's intervention is unwarranted where arbitral award is reasoned, plausible and not perverse in any manner: HC (See 'Legal Desk') Railways approves Rs 499 Crore Mansi-Saharsa Doubling Project (See 'Corp Brief') Five New Sub-Regional Offices of ESIC to be set up across India (See 'Corp Brief') Govt extends full customs duty exemption on critical petrochemical products (See 'Corp Brief') Contempt of Court - Contempt jurisdiction cannot be invoked based on expansive or alternative interpretation of Court's orders - only clear, explicit & willful disobedience can be penalised: HC (See 'Legal Desk') CEA organizes All-India Electrical Safety awareness programme (See 'Corp Brief') Regional industries must become partners in Viksit Bharat journey: RM (See 'Corp Brief') Union Minister reviews MSME Schemes in Ladakh (See 'Corp Brief') Competition Act - Allegation pertaining to a service dispute between a user & a platform service provider w.r.t. subscription management, cancellation of service & compensation, does not come under ambit of Section 4 of the Act: CCI (See 'Legal Desk') MPEDA to organise Second National Seafood Skill Olympiad during Seafood Expo Bharat 2026 (See 'Corp Brief') India's Space and Biotechnology Sectors present new collaboration opportunities: MoS (See 'Corp Brief') IPR - After pronouncement of final judgment and decree under Order XX CPC, Court becomes functus officio and cannot grant liberty for post-decree impleadment of mirror/redirect/alphanumeric websites: HC (See 'Legal Desk') Office of Principal Scientific Adviser signs MoU with Data Security Council of India (See 'Corp Brief') Telangana strengthens Clean Cities Through Behaviour Change and Citizen Action (See 'Corp Brief') IPR - If essential and dominant feature of earlier mark is fully contained in later mark, and later mark is only pluralized form that conveys same meaning, later mark can be held deceptively similar: HC (See 'Legal Desk') JP Nadda To Release Guidelines For 'Anaemia Mukt Bharat Abhiyaan' Today (See 'Corp Brief') A&C - Restraint on alienation of assets cannot be imposed when such relief was neither specifically sought nor argued in Section 17 application: HC (See 'Legal Desk') Environment Minister inaugurates workshop on tiger reintroduction in Sariska (See 'Corp Brief') JP Nadda to unveil healthcare programme for children up to three years (See 'Corp Brief') A&C - Scope of scrutiny u/s 11 is confined to prima facie examination of existence of arbitration agreement & does not extend to adjudication of disputed questions of fact or law: HC (See 'Legal Desk') Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT')

Print

SJVN's 90 MW Omkareshwar Floating Solar Project successfully commissioned

Published: Aug 09, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 09, 2024: SJVN Limited, a Mini Ratna Schedule 'A' CPSU under Ministry of Power, Govt. of India has successfully commissioned its 90 MW Omkareshwar Floating Solar Project yesterday. The project has been executed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN. On commissioning of the project, total installed capacity of SJVN has been increased to 2466.50 MW.

90 MW Omkareshwar Floating Solar Project is housed in Omkareshwar Floating Solar Park located in District Khandwa, Madhya Pradesh. This Park is the largest floating solar park of India. The project is one of the largest floating solar projects in Central & North India. With commissioning of the project, the company has ventured into floating solar power segment.

The project has been developed at a cost of Rs. 646.20 crores & is expected to generate 196.5 million units of energy in first year. The estimated cumulative energy generation over a period of 25 years shall be 4629.3 million units. The project will increase SJVN's revenue by Rs 64 crores. On commissioning, it will reduce 2.3 lakh tons of carbon emission and will significantly contribute in Government of India's mission of net zero carbon emission by 2070. The project will also help in water conservation by reducing water evaporation.

The project has been bagged at a tariff of Rs. 3.26 per unit through competitive tariff bidding on Build Own and Operate basis. The bidding was conducted by REWA Ultra Mega Solar Limited (RUMSL). The Power Purchase Agreement has been executed between SGEL and RUMSL & MPPMCL for 25 years.

Currently, SJVN's total project portfolio is 56802.40 MW and the company is executing projects in Hydro, Pumped Storage, Thermal and Renewable Energy sector.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.