Shimla: SJVN bagged 100 MW Grid-connected Solar PV Power Project of from Punjab State Power Corporation Ltd (PSPCL). Chairman & Managing Director, SJVN Nand Lal Sharma informed that the Company had bagged the Project through Tariff based Competitive Bidding Process, on Build Own and Operate (BOO) basis through e-Reverse Auction (e-RA) at a tariff of Rs. 2.69 per unit.
He said that the tentative cost of construction of this project is Rs. 545 Crores. The project is expected to generate 245.28 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5643.52 MU. The Power Purchase Agreement (PPA) would be signed between PSPCL and SJVN for 25 years.
SJVN has a total Installed Capacity of 2016.5 MW which includes 2 Hydro Power Plants of 1912 MW and 4 Renewable Power Plants of 104.5 MW (Two Solar Plant of 6.9 MW and 2 Wind Plants of 97.6 MW).
With this allotment, SJVN now has 1445 MW of Solar Projects under execution. He stated that all these Solar Projects are scheduled to be commissioned by Financial Year 2023-24, which shall be a gigantic leap for SJVN’s Renewable Capacity.
The government of India has envisaged the vision of Power to All 24X7. Recently at the UN Climate Change Conference (COP 26), Prime Minister Narendra Modi declared that India intended to generate 500 GW of renewable energy by 2030.
The union ministry of power is aggressively pushing the public and private sector to harness Solar Power potential for achieving the goal of 24X7 affordable and green power for all. In line with the target, SJVN has set its Shared Vision of capacity addition of 5000 MW by 2023, 12000 MW by 2030 & 25000 MW by 2040.