Shimla: Tata Power Solar Systems and SJVN, a central public sector power company, have entered into an agreement for setting up of a 100 MW Solar Power project Raghanesda in Gujarat.
“This Rs 612.71 crores contract includes end to end delivery of the commissioned solar plant to SJVN including comprehensive operation and maintenance of the plant for three years,” said Mr. Nand Lal Sharma, Chairman & Managing Director, SJVN.
The contract agreement was signed by Executive Director (Electrical Contracts) SJVN, Mr. Salil Shamshery and Chief (Business Development) of M/s Tata Power Solar Systems Limited Mr Vepul Jain.
Mr Sharma informed that SJVN had secured this project at a tariff of Rs 2.64 @ unit through tariff based competitive bidding conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).
The project is scheduled to be commissioned in the year 2023 and will generate 252 MU energy annually with Capacity Utilization Factor of 28.8%. Power generated from this project will be procured by GUVNL for 25 years for which the PPA has been signed on 3rd January 2022.