RUMSL’s 600 MW Omkareshwar Finally Has Winners- AMP Energy, NHDC nd SJVN

SJVN Green Energy Limited commissions a 90 MW floating solar project in Omkareshwar.

The much awaited tender for 600 MW floating solar (in two phases of 300 MW each) on the Omkareshwar reservoir in Madhya Pradesh has finally seen AMP Energy, NHDC and SJVN winning with bids of Rs 3.21, Rs 3.22 and Rs 3.26/unit respectively. For AMP Energy and SJVN this is the second project win this week after the wins at SECI’s Hybrid tender results on Thursday.

The long awaited tender was praised for its design finally, which ensured a strong bidder interest and now, a decent response too. Two PSU’s, in the form of the NHPC promoted NHDC and SJVN winning is also no surprise, as PSU’s have been at the forefront of most floating solar projects awarded so far.  SJVN might have actually won for 90 MW, even as AMP energy and NHPC have won for 100 MW each, 90 MW being the figure quoted by SJVN itself.

The project is on a Build Own and Operate (BOO) basis through e-RA conducted on 06.05.2022. The power purchase agreement shall be executed after issuance of LOI from RUMSL. Evacuating infrastructure is being provided by RUMSL.

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For SJVN, this is it’s second and first largest FSP bagged through Tariff based competitive Bidding process in India’s largest floating solar park at Omkareshwar.  The firm has pegged the tentative cost of the project for itself at Rs 585 crores.

The Omkareshwar project, with its better design and award soon, would thus beat the other major floating solar project that has been hanging fire for a long time, on the Rihand dam reservoir. That 300 MW project has been mired in delays for multiple reasons.

The Omkareshwar project was first proposed back in 2019, when NHDC first sought contractors for a 25 MW project on the reservoir.

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The expanded project took shape over the next two years, finally culminating with the tender from RUMSL, a joint venture between SECI and the Government of Madhya Pradesh in April this year, after detailed inputs and planning. For RUMSL, the success with of the tender and the probable progress from here on is another feather in the cap, especially if the project comes up on schedule by 2024.