Indusfood Manufacturing 2026 & FoodTech 4.0 Opens at Yashobhoomi (See 'Corp Brief') CCI approves acquisition of Krosaki Harima Corporation by Nippon Steel (See 'Corp Brief') A&C - Right to object to appointment of ineligible arbitrator cannot be taken away by mere implication: SC (See 'Legal Desk') CCI okays acquisition of additional shareholding in Roppen Transportation by MIH Investments (See 'Corp Brief') Ministry of I&B's WaveX signs MoU with FITT-IIT Delhi to boost Innovation (See 'Corp Brief') A&C - Conferment of jurisdiction on specific court or creation of public forum, though eminently significant, may not be decisive test to answer and decide whether arbitrability is impliedly barred: SC (See 'Legal Desk') Working Group discusses Regional Language AI Infrastructure and Reimagining AI Education (See 'Corp Brief') Pax Comfort and Safety enhanced with better Stations: Railways (See 'Corp Brief') IPR - Gaay Chhap had shown prior and continuous use of its marks and made out strong prima facie case of trademark infringement and passing off: HC (See 'Legal Desk') IBBI Chairperson launches IICA PGIP program Website (See 'Corp Brief') Yadav reviews Action Plans of Rajasthan and Punjab to tackle Air Pollution (See 'Corp Brief') IPR - Even if trademark is accepted and advertised and, thereafter, no objection was filed against same, Sec 19 of Trade marks Act empowers Registrar to withdraw acceptance given to said Mark before its registration: HC (See 'Legal Desk') SAIL records Highest-Ever December Sales (See 'Corp Brief') Rajiv Ranjan Singh inaugurates Smart Green Aquaculture Farm (See 'Corp Brief') PMLA - It is not the case of the respondent that the petitioner at any point of time was an accused in the investigation or he was evading arrest - Essential requisites of s.73 of CrPC not met - Non-bailable warrants issued stand cancelled: HC (See 'Legal Desk') Railways utilises 80 Percent of CAPEX in First Three Quarters (See 'Corp Brief') Ships built by GSL & other yards are floating symbols of India's sovereignty: RM (See 'Corp Brief') Misc - A litigant cannot be placed in a situation where a statutory right of appeal is rendered illusory on account of procedural or administrative impediments: HC (See 'Legal Desk') Govt announces relaxation for Deep-Tech Startups for DSIR recognition (See 'Corp Brief') ICAR directed to set up laboratory for turmeric testing in Erode (See 'Corp Brief') SEBI - Levy of penalty shall commensurate to disproportionate gain or unfair advantage or loss caused to investor: SEBI (See 'Legal Desk') Fixed-Term Employment fixed under New Labour Codes (See CORP EINSICHT) Competition Law - When opposite party is not dominant in relevant market, question of abuse of dominant position u/s 4 of Competition Act does not arise: CCI (See 'Legal Desk') NTPC Western Region-I signs MoA with Gujarat Cancer & Research Institute (See 'Corp Brief') PMLA - COVID-19 limitation extension was intended to cover all proceedings, including those under PMLA: SAFEMA (See 'Legal Desk') Coal Output surges as Captive and Commercial Mines Perform Strongly (See 'Corp Brief') IBC - Non- stamping or insufficient stamping of one of documents relied upon by creditor does not impede initiation of insolvency resolution process, which differs from enforcement action: NCLT (See 'Legal Desk') National Textiles Ministers' Conference to be held in Guwahati (See 'Corp Brief') IBC - Penalty can be levied if lapses demonstrated non-compliance with statutory and regulatory obligations incumbent on IP, undermining interests of stakeholders and integrity of insolvency process: IBBI (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
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.