Shimla: State-owned SJVN's wholly owned subsidiary SJVN Green Energy Limited (SGEL) has entered into an agreement for a Balance of System (BOS) Package for 100 MW Solar Project in the state of Punjab. SGEL has entered into agreement with BVG India Limited, said Nand Lal Sharma, Chairman, and Managing Director. "This is SGEL’s first awarded BOS Contract which amounts to Rs 132.64 crores. The contract also includes Operation and Maintenance of the Solar PV Plant for a period of three years," he added.
Balance of System (BOS) encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or many solar inverters, a battery bank and battery charger.
The contract agreement was signed by Manoj Kumar Negi, Dy GM, SGEL, and Pankaj Dhingra, Director, BVG India Limited in the august presence of Akhileshwar Singh, Director (Finance), SJVN, Ajay Kumar Singh, Dy CEO, and senior officials of SGEL and M/s BVG India Limited.
Sharma further informed that SJVN 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 2.65 per unit. The commissioning of this Project is expected to reduce 259798 Tonnes of carbon emission and would contribute to the Government of India’s mission of reducing its carbon footprint.
Sharma further said that the tentative cost of construction of this project is Rs 545 Crores. The project is expected to generate 227 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5,302 MU. The Power Purchase Agreement (PPA) has already been signed between PSPCL and SJVN for 25 years.
Sharma further stated that the central government has envisaged the vision of Power to All 24X7 on various platforms. PM Narendra Modi has also stated India’s intent to generate 500 GW of renewable energy by 2030. He also informed that Union Minister of Power and NRE, RK Singh is extending great guidance and support to all power sector PSUs to go aggressively in harnessing solar power potential to achieve the goal of 24X7 affordable and green power. In line with the target set by the central government, SJVN has set its shared vision of capacity addition of 5,000 MW by 2023-24, 25,000 MW by 2030, and 50,000 MW by 2040.
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