SJVN secures LoA for 320 MW solar projects in Assam

SJVN Green Energy Limited (SGEL) has secured letter of awards (LoA) from Assam Power Development Corporation Limited (APDCL) for three solar power projects with cumulative capacity of 320 MW.

SGEL had participated in three separate tariff based competitive bidding tenders of APDCL i.e. 50 MW, 70 MW and 200 MW.  The 50 MW and 70 MW projects are under solar park category and have been allotted at a tariff of Rs 3.92 per unit and the 200 MW is to be developed anywhere in Assam and has been allotted at a tariff of Rs 3.90 per unit. These three solar power projects shall be developed on build own and operate basis. The projects are expected to generate cumulative 628 MUs in the first year and the cumulative energy generation over a period of 25 years would be about 14,591 MUs. The projects is ecpected to be commissioned in a period of 18 months from the date of signing of power purchase agreement (PPA) and expected to be commissioned by March 2025. The PPA shall be signed between APDCL and SGEL for 25 years. Tentative cost of construction / development of these 320 MW projects is around Rs 19 billion. The commissioning of these projects is expected to reduce 714,000 tonnes of carbon emission.