NHAI enhances Digital Services on RajmargYatra Mobile App (See 'Corp Brief') A&C - If guarantees were contractually agreed substitute for cash deductions, it should ideally remain in place to secure interests until final resolution: HC (See 'Legal Desk') Govt, RBI strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks (See 'Corp Brief') Govt modernising official statistical system through greater use of digital technologies (See 'Corp Brief') NI Act - In complaint u/s 138 filed by company, substitution of company's AR is legally permissible, and non-examination of first AR cannot, by itself, be treated as fatal defect leading to acquittal: HC (See 'Legal Desk') 58 Leaders from 40 Political Parties attended Meeting (See 'Corp Brief') Odisha's New Coastal Highway: A Gateway to Spiritual Journeys (See 'Corp Brief') IBC - Foreign subsidiary assets must remain separate from parent company's insolvency proceedings: NCLAT (See 'Legal Desk') Vaishnaw flags Off Ramnagar-Dehradun Express (See 'Corp Brief') Centre provides extended Relief Window for Select Solar Projects up to December (See 'Corp Brief') Arbitration and Conciliation - A supervisory court lacks power to modify an award or grant fresh substantive reliefs, rendering petitioner's prayer for active domain transfer legally unmaintainable: HC (See 'Legal Desk') Vivek Nishant Nath takes charge as Director (Commercial), NMDC (See 'Corp Brief') Aadhaar App crosses 40 Million Downloads, Driving Convenient Digital Identity Services (See 'Corp Brief') Arbitration - Scope of interference under Section 37 of the Act is highly circumscribed & does not permit re-appreciation of evidence or fresh factual determination on matters of accounting: HC (See 'Legal Desk') PM lays bricks for 150-bed state-of-the-art Critical Care Block at PGIMER (See 'Corp Brief') Govt to release Revised Index of Core Industries Series with Base Year 2022-23 (See 'Corp Brief') 4th Edition of IICA's National Conference on Responsible Business Conduct held in Delhi (See 'Corp Brief') Capital Market - AMC/ Fund houses cannot, on grounds of commercial expediency or investor benefit, unilaterally extend maturity of securities and delay redemption of scheme proceeds: SC (See 'Legal Desk') MSDE extends Special Intervention under PM-NAPS to Boost Apprenticeship (See 'Corp Brief') Centre for Trade and Investment Law launches guidebook to help Indian MSMEs expand into global markets (See 'Corp Brief') Misc - Metro depot is indispensable part of metro rail project and therefore squarely falls within public purpose: SC (See 'Legal Desk') Goyal leads High-Level Delegation to Finland to Strengthen Trade and Investment Ties (See 'Corp Brief') Over 75 Industries join ICAR CSR Conclave 2026 (See 'Corp Brief') Misc - Inclusion of royalty, DMF and NMET in sale value under Mineral Conservation and Development Rules, 2017, is valid measure for computation of average sale price and does not alter nature of royalty u/s 9 of MMDR Act: SC (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.