State-owned hydropower producer SJVN has awarded the engineering, procurement, and construction (EPC) contract for a 90 MW floating solar power project to Indian multinational Larsen & Toubro Ltd.
SGEL is executing the project on a build-own-operate basis at the Omkareshwar reservoir in Madhya Pradesh. It won the project at INR 3.26 ($0.039)/kWh in a tariff-based competitive bidding and reverse auction by REWA Ultra Mega Solar Ltd.
The project is expected to generate 196 million units (MUs) of electricity in the first year and about 4,570 MU over a period of 25 years. It is estimated to require an investment of INR 650 crore.
As per the contract agreement, the project is scheduled for commissioning by December 2023.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.