SJVN Green Energy, a subsidiary of state-owned power producer SJVN, has successfully secured solar power projects with a capacity of 1,352 MW. The total investment for these projects is estimated to be Rs 7,436 crore. The company received the Letter of Awards (LoA) for these projects, signifying a significant step towards renewable energy development.
The LoAs were awarded in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis, SJVN Director (Finance) Akhileshwar Singh, and SGEL CEO Ajay Singh in Mumbai. These solar power projects, to be developed in Maharashtra’s Nashik, Solapur, Ahmednagar, and Pune districts, are part of the Mukhya Mantri Saur Krushi Vahini Yojana 2.0.
SGEL secured these projects through a competitive bidding process conducted by MSEB Agro Power Limited, Maharashtra, under the PM-KUSUM Scheme. SGEL participated for 1,500 MW in total, with 500 MW in round one and 1,000 MW in round two of the bidding process.
The total investment for these projects amounts to approximately Rs 7,436 crore, marking SGEL’s initial contribution towards the PM-KUSUM Scheme. The projects will be eligible for Central Financial Assistance of up to 30% of the project cost.
This initiative aligns with SJVN’s ambitious vision of achieving 25,000 MW of power generation capacity by 2030 and 50,000 MW by 2040. The company’s goals are in line with the government’s commitment to generating 50% of energy from non-fossil fuel-based resources by 2030.
