SJVN Limited has signed a long-term power purchase agreement (PPA) for supply of 200 MW from its grid connected solar power project in Bihar.
The PPA has been signed between SJVN and Bihar State Power Holding Company Limited (BSPHCL) along with two discoms i.e. North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL).SJVN has secured the project at a tariff of Rs 3.11 per unit through open competitive tariff bidding organised by Bihar Renewable Energy Development Agency (BREDA). Out of the total 200 MW, SJVN plans to develop a 125 MW solar power project at Kakanchor, Jamui and 75 MW solar power project at Katoriya, Banka. The power generated through these projects will be evacuated through New Jamuai and New Banka substations respectively. The tentative cost of construction and development of the project is around Rs 10 billion. The project is expected to generate approximately 421 MU in the first year and 10,512 MU over a period of 25 years. The project is expected to be commissioned by November 2023.