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SJVN Limited Signs 300 MW PPA to Augment its Renewable Energy Portfolio

The commencement of these projects is marked to minimise carbon emissions by a critical 8,67,916 tonnes, aligning with the Indian government’s vision of achieving net-zero emissions by 2070.

July 20, 2023. By Nivedita Ojha

Nand Lal Sharma, Chief Managing Director of SJVN, added that a PPA has been inked for a 200 MW Solar Power Project Capacity with Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Mumbai.

Another PPA has been inked with Solar Energy Corporation of India Limited (SECI) for 100 MW Wind Power Capacity at Delhi.

The PPAs were officially inked by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN.

The development worth for the 200 MW Ground Mounted Solar Project in Maharashtra is estimated at about INR 1200 crores.

SGEL managed to conclude this project at a competitive tariff rate of INR 2.90 per unit through a diligent e-reverse auction organized by MSEDCL.

The commencing of this solar project is scheduled to take place in December 2024, and it is expected to generate 456 MU in its first year of operation, with a cumulative energy production of approximately 10,481 MU over 25 years.

Meanwhile, the 100 MW Wind Power Project, with a development cost of around INR 750 crores, was secured at the same tariff of INR 2.90 per unit through an e-reverse auction on a Build Own and Operate basis.

This project is expected to be commissioned in March 2025, contributing an estimated 289.27 MUs in its first year, and an accumulated energy generation of approximately 7,231.75 MU over 25 years.

Furthermore, the commencement of these projects is marked to minimise carbon emissions by a critical 8,67,916 tonnes, aligning with the Indian government’s vision of achieving net-zero emissions by 2070.

SJVN’s ambitious journey for renewable energy development is in accordance with Narendra Modi’s vision to produce 500 GW of Energy from non-fossil sources by 2030.
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