SJVN commissions 100 MW Raghanesda Solar Power Station in Gujarat

New Delhi: SJVN Limited on Tuesday said that it has commissioned its 100 MW Raghanesda Solar Power Station located in the district Banaskantha, Gujarat. With the addition of this project, SJVN's installed capacity now stands at 2377 MW. This is the second project commissioned by SJVN within the month.

PSU Watch is now on Whatsapp Channels. Click here to join

SJVN Green Energy Limited, the renewable arm of SJVN Limited had secured the 100 MW Raghanesda Solar Power Station at a tariff of Rs 2.64 per unit through Competitive Tariff bidding conducted by Gujarat Urja Vikas Nigam Limited. The construction and development cost of the project is Rs 642 crores.

According to the company, this project will generate 252 million units in the first year and the estimated cumulative energy generation over a period of 25 years shall be 5805 million units. Under a long-term Power Purchase Agreement signed in January 2022, the power generated by the Raghanesda Solar Power Station will be procured by GUVNL for 25 years.

Speaking on this, SJVN's Chairman & Managing Director (CMD) Geeta Kapur said that the commissioning of the company's eleventh power project highlights our dedication for enhancing the green energy landscape of the nation and further solidifies our position as a major player in the energy sector.

SJVN had secured the financing for the project from Japan Bank for International Cooperation under Global action for Reconciling Economic growth and Environmental preservation (GREEN) program, reinforcing its dedication to green initiatives and responsible growth. The project will make significant contributions to the Renewable Energy Goals of the state of Gujarat and will also contribute to fostering energy security in the region.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)