SJVN Green Energy Limited has signed two power purchase agreements (PPAs) with Punjab State Power Corporation Limited (PSPCL).
One PPA is for the development of 200 MW solar project anywhere in Punjab and the other PPA is for the development of 1,000 MW solar project anywhere in the country. These projects will be developed within 18 months on build, own and operate basis and will involve an investment of around Rs 70 billion. The projects are expected to generate 2,997 million units (MUs) in first year and about 69,661 MUs cumulatively over a period of 25 years. The commissioning of these projects will reduce more than 3.4 million tonnes of carbon emission.