SJVN, a public sector enterprise in India, has won a deal worth ₹7,436 crore for the development of solar power projects boasting a capacity of 1,352 MW in Maharashtra.
The projects are slated to be executed under the banner of SJVN Green Energy (SGEL), a subsidiary of SJVN, and will be spread across four districts in Maharashtra, namely Nashik, Solapur, Ahmednagar, and Pune.
These solar power projects will be eligible for Central financial assistance, with support extending up to 30 percent of the project cost.
Geeta Kapur, the Chairperson and Managing Director of SJVN, highlighted that these solar initiatives align with the Mukhya Mantri Saur Krushi Vahini Yojana 2.0, an initiative spearheaded by the Maharashtra government. The scheme aims to achieve 30 percent feeder solarisation by 2025 through the swift implementation of 7,000 MW decentralized solar projects, thus facilitating daytime electricity supply to farmers.
SJVN Green Energy won these contracts through a competitive bidding process initiated by the MSEB Solar Agro Power, Maharashtra. SJVN Green Energy actively participated in the bidding process, securing a substantial share of 1,500 MW from the total tender capacity of 7,000 MW, divided into two rounds of bidding.
This initiative falls under Component C of the PM-KUSUM scheme, which has been launched to execute the largest feeder-level solarisation scheme in India, reflecting a concerted effort to embrace renewable energy sources.
Looking forward, SJVN has set ambitious targets aiming to achieve an installed capacity of 25,000 MW by 2030 and 50,000 MW by 2040, in line with the Government of India’s commitment to derive 50 percent of the total power capacity from non-fossil-fuel-based energy sources by 2030.