SJVN Green Energy to build 200 MW solar project in Gujarat with GUVNL, ET EnergyWorld

New Delhi: SJVN Green Energy Limited (SGEL), a subsidiary of state-run SJVN Limited, has secured a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) to develop a 200 megawatt (MW) solar power project in Gujarat.

The project, which will be situated in the solar park of Gujarat State Electricity Corporation Limited (GSECL) at Khavda, Kachchh district, was awarded to SGEL after a competitive bidding process that concluded with a tariff of Rs 2.66 per unit.

Chairperson & Managing Director SJVN, Geeta Kapur, announced that the estimated investment for the project’s construction and development is Rs 1,100 crore. Following the adoption of the tariff by the Gujarat Electricity Regulatory Commission (GERC), a Power Purchase Agreement (PPA) will be formalized with GUVNL. The solar plant is scheduled to be operational within 18 months from the PPA signing date.

Upon its first year of operation, the project is expected to generate 508.40 million units of electricity, and over its 25-year lifespan, it is projected to produce approximately 11,698.16 million units. Additionally, it is expected to significantly reduce carbon emissions, with an anticipated decrease of 5,73,210 tonnes of carbon dioxide.

SJVN Limited, which was established in 1988 as a venture between the Government of India and the Government of Himachal Pradesh, has ventured into diverse energy forms, including hydro, thermal, wind, and solar. With the aim to achieve a capacity of 25,000 MW by 2030 and 50,000 MW by 2040, SJVN is pushing forward in its energy capacity expansion.

  • Published On Mar 16, 2024 at 08:45 AM IST

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