New Delhi: SJVN Limited on Thursday said that it has signed a power purchase agreement (PPA) for a 200 MW grid-connected wind power project with Solar Energy Corporation of India Limited (SECI).

According to an official statement, SJVN Green Energy Limited (SGEL), a wholly owned subsidiary, had participated in the tariff based competitive bidding process conducted by SECI for the selection of wind power developers for setting up 1200 MW grid-connected wind power projects anywhere in India. SGEL bagged 200 MW at a tariff of Rs 3.24 per unit on build own and operate (BOO) basis in open competitive tariff bidding process.

Further, 200 MW wind project will be developed by SGEL anywhere in India through EPC contract. With the allotment of this project, the wind portfolio of SJVN now stands at 497.6 MW. The two projects with cumulative capacity of 97.6 MW are under operation and remaining three projects with a cumulative capacity of 400 MW are under various stages of development.

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SJVN CMD NL Sharma stated that the tentative cost for development of this project is Rs 1400 crores. The project is expected to generate 482 million units in the first year after commissioning and the projected cumulative energy generation over a period of 25 years is 12,050 million units. The project will be commissioned by November 2025 i.e. within 24 months from effective date of PPA signing.

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