SJVN entered into Contract Agreement for development of 75 MW (AC) Solar Power Project at Parasan Solar Park, Uttar Pradesh on Engineering, Procurement and Construction (EPC) basis with subsequent O&M for three years with M/s Solarworld Energy Solutions Private Limited, Noida. The Contract was signed in the benign presence of Nand Lal Sharma, Chairman & Managing Director, Geeta Kapur Director (Personnel), S.P. Bansal Director (Civil), Akhileshwar Singh Director (Finance), Sushil Sharma Director (Electrical).The contract was signed by S. K. Sood, General Manager, Electrical Contracts, SJVN & Kartik Teltia, Director., Solarworld. On this occasion senior officials from SJVN & Solarworld were also present.
Nand Lal Sharma apprised that the EPC Cost of the Project is Rs. 313.59 Crores, and the project has been awarded to M/s Solarworld Energy Solutions Private Limited. The project is scheduled to be commissioned by August, 2022.Sharma further informed that, SJVN bagged this project through competitive bidding held by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) at a tariff of ₹2.68 per unit for 25 years. The Project will generate 168.343 MU energy annually with Capacity Utilization Factor (CUF) of 25.06%. Parasan Solar Park is located at Tehsil Kalpi, District Jalaun near Kanpur, Uttar Pradesh. Nand Lal Sharma further said that, with this allotment, SJVN now has 1445 MW of Solar Projects under execution. He stated that all these Solar Projects are scheduled to be commissioned by Financial Year 2023-24, which shall be a gigantic leap for SJVN’s Renewable Capacity.