SJVN commissions 75 MW Parasan Solar Project in UP

The green energy PSU SJVN Limited on Thursday announced commercial operation at its 75 MW Parasan Solar Power Project in Parasan Solar Park, Uttar Pradesh

Alt=
SJVN commissions 75 MW Parasan Solar Project in UP

New Delhi: SJVN Limited’s Chairman & Managing Director (CMD) Nand Lal Sharma on informed that its 75 MW Parasan Solar Power Project in Parasan Solar Park, Uttar Pradesh has achieved commercial operation. Now, SJVN’s installed capacity stands at 2,091.5 MW.

Sharma said that with seven operational power stations, SJVN continues to contribute significantly to India’s growing renewable energy capacity, in line with the country’s ambitious target of achieving 50 percent energy from non-fossil fuel sources.

Sharma further apprised that 75 MW Parasan Solar Power Project bagged at a tariff of Rs. 2.68 per unit on Build Own and Operate basis has been developed at a cost of Rs 392 crores. The Power Purchase Agreement (PPA) for the project has been signed with Uttar Pradesh Power Corporation Limited (UPPCL) for 25 years. The project will generate 168.34 MU in the first year and the estimated cumulative energy generation over a period of 25 years will be 3919 MU. This will result in revenue earning of approximately Rs 45 crores per annum.

The current portfolio of SJVN is around 42,000 MW and is executing 69 projects pan India and abroad. The company is marching forward to achieve its Shared Vision of 5000 MW by 2023, 25,000 MW by 2030 and 50,000 MW capacity by 2040.

(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.)