SJVN Limited’s subsidiary, SJVN Green Energy Limited (SGEL), has signed power purchase agreements (PPAs) for 300 MW renewable energy projects.
The PPA has been signed with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 200 MW solar power project capacity at Mumbai and with Solar Energy Corporation of India Limited (SECI) for 100 MW wind power capacity at Delhi. The development cost of 200 MW ground mounted solar project in Maharashtra is around Rs 12 billion. SGEL has bagged the project at a tariff of Rs 2.90 per unit through competitive bidding process in an e-reverse auction organised by MSEDCL. The project is expected to be commissioned in December 2024, and is expected to generate 456 million units (MUs) in the first year and the cumulative energy generation over a period of 25 years would be about 10,481 MUs. The development cost of 100 MW wind power project is around Rs 7.50 billion. The project has been won at Rs 2.90 per unit on build own and operate basis through e-reverse auction. The project is expected to be commissioned in March 2025. The project is expected to generate 289.27 MUs in the first year and the cumulative energy generation over a period of 25 years would be about 7,231.75 MUs.