New Delhi: SJVN Limited has bagged two grid-connected solar power projects of 125 MW capacity through tariff-based ‘competitive bidding process’ conducted by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). SJVN has been issued a Letter of Intent (LoI) by UPNEDA for developing a 75 MW grid-connected solar power project at Gurhah, in Jalaun district, and a 50 MW grid-connected solar power project at Gujrai, in Kanpur Dehat district of UP.
SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma said that SJVN quoted a tariff of Rs 2.98 per unit for both solar power projects and the power generated from these projects will be procured by UPPCL for 25 years. The Gurhah Project will generate 159 MU energy annually with a Capacity Utilization Factor (CUF) of 24.22 percent, while the Gujrai project will generate 106 MU energy annually with CUF of 24.20 percent.
Sharma further said that with this allotment, SJVN now has 1,670 MW of solar power projects under different stages of execution. He stated that all these solar power projects are scheduled to be commissioned during the financial year 2023-24 and will be a gigantic leap for SJVN’s renewable energy generation capacity.
Sharma further stated that the government of India has envisaged the vision of ‘24X7 Power to All.’ He reiterated that recently at the UN Climate Change Conference (COP 26), Prime Minister Narendra Modi had stated India’s intent of generating 500 GW of renewable energy by 2030. This initiative is in line with the target set by the government and would enable SJVN in expanding its footprint pan-India, as well as, achieving its shared vision of capacity addition of 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040.
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