SJVN wins 100 MW solar power project from Punjab State Power Corporation Ltd

#SolarPower #Punjab State Power Corporation #SVJN #RenewableEnergy #PowerPurchaseAgreement

Source: SJVN

Project bagged through Tariff based Competitive Bidding Process, on Build Own and Operate (BOO) basis through e-Reverse Auction (e-RA) at a tariff of Rs. 2.69 per unit: Nand Lal Sharma, CMD, SJVN

November 2021: SJVN has bagged 100 MW Grid connected Solar PV Power Project of from Punjab State Power Corporation Ltd (PSPCL). Nand Lal Sharma, Chairman & Managing Director, SJVN informed that the Company has bagged the project through tariff based competitive bidding process, on Build Own and Operate (BOO) basis through e-Reverse Auction (e-RA) at a tariff of Rs. 2.69 per unit.

Mr. Sharma told that the tentative cost of construction of this project is Rs. 545 crore. The project is expected to generate 245.28 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5643.52 MU. The Power Purchase Agreement (PPA) shall be signed between PSPCL and SJVN for 25 years. At present, SJVN has a total installed capacity of 2016.5 MW which includes two hydro power plants of 1912 MW and four renewable power plants of 104.5 MW (Two solar plants of 6.9 MW and two wind plants of 97.6 MW).

Mr. 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.