SJVN Receives LOI from Punjab State Power Corporation Limited to Procure 1200 MW Solar Power
SJVN Green Energy Limited will develop 1000 MW project anywhere in the country and balance 200 MW in the state of Punjab.
July 26, 2023. By News Bureau
Nand Lal Sharma informed that PSPCL will be procuring 1000 MW energy produced anywhere in India at a tariff of Rs. 2.53 per unit, while 200 MW energy produced in Punjab will be procured at a tariff of Rs. 2.75 per unit. Development of these projects involves an investment of around Rs. 7000 Crores, which will be on Build Own and Operate (BOO) basis.
Sharma further stated that the projects are expected to generate 2997 million units in the first year and the cumulative energy generation over a period of 25 years would be around 69661 million units. The commissioning of this Project is expected to reduce more than 34 Lakh Tonnes of carbon emission.
The Project shall be commissioned in a period of 18 Months from the date of signing of Power Purchase Agreement (PPA) and expected to be commissioned by the end of next year. The PPA will be signed shortly between PSPCL and SGEL for 25 years.
With the signing of this agreement, the portfolio of SJVN is now 55527 MW. Company is on rapid progression to achieve its Shared Vision of being 5000 MW by 2023-24, 25000 MW by 2030 & 50000 MW by 2040.
This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.
please contact: email@example.com.
SNEC 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition
June 04, 2024
EV NEPAL EXPO
December 08, 2023
The Renewable Energy India Expo(REI)-2023
October 04, 2023
Renewable Energy India Awards (REI Awards)
October 05, 2023
Founder & CEO
Gruner Renewable Energy to establish India's first-ever Napier Grass bioCNG plant
Founder & Managing Director
Technological, environmental and economic factors to propel the energy storage industry
Airtouch Robotic Cleaning to Increase Power Generation of Amplus Solar Project by 1.2 Percent
Director & Co-Founder
Navitas Solar to add manufacturing capacity by another 1.2 GW per annum