SHIMLA : 19.07.2023
IBEX NEWS,Shimla.
Nand Lal Sharma, Chairman & Managing Director, SJVN, informed that SJVN has signed Power Purchase Agreements (PPA)s for 300 MW Renewable Energy Projects. The PPAs have been signed by SJVN Green Energy Limited, a wholly owned subsidiary of SJVN.
Nand Lal Sharma stated that a PPA has been signed for 200 MW Solar Power Project Capacity with Maharashtra State Electricity Distribution Company Limited (MSEDCL) at Mumbai. Another PPA has been inked with Solar Energy Corporation of India Limited (SECI) for 100 MW Wind Power Capacity at Delhi.
Further apprising about the projects, Sh. Nand Lal Sharma told that the development cost of 200 MW Ground Mounted Solar Project in Maharashtra is around Rs. 1200 crores. SGEL has bagged the project at a tariff of Rs. 2.90 per unit through competitive bidding process in an e-reverse auction organized by MSEDCL. The project is expected to be commissioned in December 2024. The project is expected to generate 456 MU in the 1st year and the cumulative energy generation over a period of 25 years would be about 10481 MU.
The development cost of 100 MW Wind Power Project is around Rs. 750 crores. The project has been won @ Rs 2.90 per unit on Build Own and Operate basis through e-reverse auction. The project is expected to be commissioned in March 2025. The project is expected to generate 289.27 MUs in the 1styear and the cumulative energy generation over a period of 25 years would be about 7231.75 MU. Commissioning of these projects is expected to reduce 8,67,916 Tonnes of carbon emission to contribute to Govt. Of India’s mission of net zero emission by 2070.
In the backdrop of Hon’ble Prime Minister Sh. Narendra Modi’s vision to generate 500 GW Energy by 2030 from non-fossil sources, SJVN has embarked on an ambitious journey for development of renewable energy. SJVN is adding significant renewable projects to its portfolio to pursue this vision. These recent additions of new projects are leading the company towards actualizing its Shared Vision of 5000 MW by 2023-24, 25000 MW by 2030 & 50000 MW installed capacity by 2040.
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