Friday, May 13, 2022

SJVN bags its first wind-solar hybrid project worth Rs 195 crore from SECI

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  • The tentative cost for the construction and development of the project is Rs 195 crore and the project is expected to generate 79 MUs in the first year
  • The project shall be commissioned within a period of 18 months from the date of signing of PPA

New Delhi: Green energy PSU SJVN Limited has bagged its first-ever 30 MW wind-solar hybrid project worth Rs 195 crore. In a regulatory filing to the stock exchanges on Friday, SJVN said that it has bagged its first-ever 30 MW wind-solar hybrid project in a tender floated by Solar Energy Corporation of India Limited (SECI). The project was bagged @Rs 2.54/unit on a build-own-and-operate (BOO) basis in the tariff-based competitive bidding process.

The tentative cost for the construction and development of the project is Rs 195 crore and the project is expected to generate 79 MUs in the first year. And on a cumulative basis, approximately 1860 MUs would be generated over a period of 25 years.

“The Power Purchase Agreement (PPA) shall be signed between the company and SECI for 25 years. The project shall be commissioned within a period of 18 months from the date of signing of PPA,” said SJVN.

The commissioning of this project is expected to reduce 90,993 tonnes of carbon emissions and will contribute to the government’s mission of net-zero carbon emissions by 2070.

This project will assist the company in achieving its ambitious shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040 and simultaneously contribute toward the renewable energy capacity addition target of 500 GW by 2030 set by the government.

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