PMLA - Once accused has got bail in money laundering case despite stringent conditions under PMLA, his further detention in predicate offence by CBI under Prevention of Corruption Act, is untenable: SC (See 'Legal Desk') Coal Ministry reviews progress of 71 Commercial Coal Mines (See 'Corp Brief') Trademarks Act -Rights bestowed upon assignee does not originate directly from execution of Assignment Deed, rather than its later registration: HC (See 'Legal Desk') Maritime State Development Council to drive Strategic Maritime Development and Sustainability (See 'Corp Brief') PMLA- amount of proceeds of crime lying in fixed deposit in name of SP,CBI was not likely to be concealed, transferred or dealt with in manner which may frustrate proceeding for confiscation: TRIBUNAL (See 'Legal Desk') Cabinet approves PM-eBus Sewa-Payment Security Mechanism scheme (See 'Corp Brief') Cabinet okays Budgetary Support for enabling Infrastructure for Hydro Electric Projects (See 'Corp Brief') Indian Stamp Act -Arbitration award not duly stamped cannot be admitted as piece of evidence in trial court proceedings: HC (See 'Legal Desk') MNRE announces 4th Global Investment Meet & Expo (See 'Corp Brief') Steps taken to kayak towards paperless legislative environment: Rijiju (See 'Corp Brief') Arbitration Act,1996-Existence of arbitration clause in security deed cannot be disputed as per section 11(6): HC (See 'Legal Desk') NITI Aayog Hosts National Seminar on 'Sustainable Rural Livelihoods' (See 'Corp Brief') QCI approves National Test House, Ghaziabad, as Certification Body for drones (See 'Corp Brief') Companies Act- Section 446(1) of CompaniesAct,1956 can permit applicants to proceed with execution proceedings: HC (See 'Legal Desk') BRICS Labour & Employment Ministerial Declaration adopted (See 'Corp Brief') Second regional program to focus on Digital Public Infrastructure (See 'Corp Brief') Companies Act,2013- Failure to exercise due diligence and being grossly negligent in conduct of professional duties is illegal: NFRA (See 'Legal Desk') Coal Ministry conducts Mid-Year Review Meeting of Coal PSUs' CSR Activities (See 'Corp Brief') PM to inaugurate Global RE-INVEST at Gandhi Nagar (See 'Corp Brief') IBC-Existing criminal liability of Company and its erstwhile Directors will not get extinguished in view of resolution plan approved by NCLT: HC (See 'Legal Desk') Army & IAF ink MoU with Gati Shakti Vishwavidyalaya to enhance skills in logistics (See 'Corp Brief') IEPFA organised 'Niveshak Mashal' annual half marathon to promote financial literacy (See 'Corp Brief') Constitution of India-Constituional court exercising its powers of judicial review under Article 226 should not interfere when there is alternate and efficacious remedy available within agreement itself: HC (See 'Legal Desk') Health Ministry releases 'Health Dynamics of India Infrastructure & HRs report (See 'Corp Brief') FERA-Law prescribing special procedure for investigation of breaches of foreign exchange regulations will not be hit by Article 14 as it was based on classification which had just and reasonable relation to object of legislation: HC (See 'Legal Desk') BRICS Employment Working Group Meeting 2024 Convened in Sochi, Russia (See 'Corp Brief') DG RPF leads Tribute to Police Martyrs at Hot Springs memorial, Ladakh (See 'Corp Brief') Negotiable Instruments Act- Independent directors cannot be made vicarioulsy liable for incriminating act committed by company: HC (See 'Legal Desk')

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
taxindiaonline
A Taxongo Website. Copyright © 2016-2022 tiolcorplaws.com All rights reserved.