SJVN receives LoA for 1352 MW Solar Power Projects in Maharashtra
The projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Agro Power Limited, Maharashtra.
![SJVN receives LoA for 1352 MW Solar Power Projects in Maharashtra](https://www.psuconnect.in/sdsdsd/SJVN_receives_LoA_for_1352_MW_Solar_Power_Projects_in_Maharashtra.jpg)
SHIMLA: SJVN has received a Letter of Award (LoA) for 1352 MW Solar Power Projects to be developed through SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN.
These LoAs have been received in the August presence of Hon'ble Deputy Chief Minister of Maharashtra, Sh. Devendra Fadnavis, Director (Finance), SJVN, Sh. Akhileshwar Singh and CEO, SGEL Sh. Ajay Singh in Mumbai. On this occasion, senior dignitaries of the state and officials of MSEDCL and SGEL were also present.
Smt. Geeta Kapur, Chairman & Managing Director, SJVN informed that these projects of 1352 MW shall be developed at various locations in districts of Maharashtra namely Nashik, Solapur, Ahmednagar and Pune under Mukhya Mantri Saur Krushi Vahini Yojana 2.0.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Agro Power Limited, Maharashtra. The total capacity of the tender was 7000 MW and SGEL participated for 1500 MW; 500 MW in Round One and 1000 MW in Round Two. The aforementioned scheme has been launched for the implementation of the largest Feeder Level Solarization Scheme in India under component C of the PM-KUSUM Scheme.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe total investment for the development of these 1352 MW Solar Power Projects will be about 7436 Crores. This shall be the first contribution of SGEL towards the PM-KUSUM Scheme. These projects shall be eligible for Central Financial Assistance, maximum upto 30% of the project cost.
The Company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 and 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based. energy resources by 2030.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh