The market ended lower on weak global cues and selling in IT and banking names. About 1,642 shares advanced, 1,729 declined and 127 remained unchanged on October 13
Floating solar, or floatovoltaics, are solar panels mounted on a water body such as a reservoir or a lake. Floating solar photovoltaic power plants can be 15-30 percent more expensive than land-based ones, but they can generate about 10 percent more capacity than land-based PV systems.
SJVN Ltd has secured a contract from Punjab State Power Corporation Ltd for the development and procurement of 1,200 MW of solar power
SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh. According to the statement, the cost of developing this project will be approximately Rs 585 crore.
Hydro-electric power generator sector's SJVN Limited's chairman and managing director R.P. Singh said that he expected the generation to pick up in FY14 and is likely to touch or cross 7,000 million units mark.