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SJVN Ltd, a state-owned company, has won a 100-MW solar project in an e-reverse auction held by Gujarat Urja Vikas Nigam Ltd. According to a company statement, SJVN won the 100 MW solar project during a tariff-brd competitive bidding procedure of GUVNL Phase XXI at a rate of ₹2.54/unit on a build-own and operate basis.
The announcement states that SJVN won the quoted capacity of the 100 MW solar power project through GUVNL's e-Reverse Auction.
At a projected cost of ₹550 crore, SJVN will create this ground-mounted solar plant through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL).
The project will be executed by SGEL in Solar Park, developed by Gujarat Industrial Power Corporation Limited in Khavda, Gujarat, through an EPC contract. The power purchase agreement will be executed after issuing the Letter of Award from GUVNL.
The project is expected to generate about 252 million units in its first year of commissioning, and the cumulative energy generation over a period of 25 years would be about 5,866 million units.
Further, the commissioning of this solar project is anticipated to reduce 2,87,463 tonnes of carbon emissions.
With this addition, SJVN's project portfolio stands at 59,872 MW. The company is marching forward tirelessly to achieve its new mission of 12,000 MW by 2026 and shared a vision of 25,000 MW by 2030 and 50,000 MW installed capacity by 2040.
Also Read : Waaree Energies Ltd bags 400 MW solar module supply contract from GIPCL Gensol Engineering commissions 10.6 MW rooftop solar project in MP
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