New Delhi: SJVN Limited through its wholly owned subsidiary, SJVN Green Energy Limited (SGEL), has secured 200 MW Solar Project at a tariff of Rs 2.66 per unit in an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).
According to an official statement, this project is to be developed by SGEL on build own and operate basis at the tentative development cost of Rs 1100 crore. SJVN bagged the 200 MW capacity in the tariff based competitive bidding for development of solar projects in the 1125 MW Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, Gujarat.
SJVN Chairman & Managing Director (CMD) Geeta Kapur informed that the project is expected to generate about 504 million units in the first year of commissioning and the cumulative energy generation over a period of 25 years would be about 11,732 million units. As per Request for Selection (RfS), the project shall be commissioned in a period of 18 Months from the date of signing of Power Purchase Agreement which shall be signed between GUVNL and SGEL for 25 years. The commissioning of this project is expected to reduce 5,74,868 Tonnes of carbon emission.
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