The Maharashtra State Electricity Distribution Company Limited (MSEDCL) awarded SJVN Green Energy Limited with a Letter of Award (LoA) for a 200 MW solar power project to be developed anywhere in Maharashtra. The project is expected to be completed in 18 months, beginning with the signing of the power purchase agreement (PPA) with MSEDCL. It was stated that the tentative cost of construction and development of this project would be around Rs 10 billion.
The project is expected to generate 455.52 MU in the first year, with a total energy generation of approximately 10,480.82 MU over a 25-year period. The completion of this project is expected to save 513,560 tonnes of carbon dioxide and contribute to the government’s goal of achieving 500 GW of renewable capacity by 2030.
In February 2023, MSEDCL invited bids for 250 MW of decentralised solar projects under component-A of the state’s Pradhan Mantri-Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) programme. MSEDCL has set a tariff ceiling of Rs 3.30 /kWh. The central government intends to establish 10,000 MW of grid-connected solar power projects with individual project sizes up to 2 MW under Component A of the PM-KUSUM programme.