SJVN signs EPC pact with Solarworld Energy for 75 MW project at Parasan Solar Park

New Delhi: SJVN Limited has entered into a contract agreement for the development of a 75 MW (AC) solar power project at Parasan Solar Park, Uttar Pradesh, on an engineering, procurement and construction (EPC) basis with subsequent O&M for three years with Solarworld Energy Solutions Private Limited, Noida, the PSU said in an official statement on Friday. The contract has been signed in the presence of SJVN Limited's CMD Nand Lal Sharma, Director (Personnel) Geeta Kapur, Director (Civil) SP Bansal, Director (Finance) Akhileshwar Singh and Director (Electrical) Sushil Sharma.

The contract has been signed by SJVN Limited's General Manager (Electrical Contracts) SK Sood and Solarworld Director Kartik Teltia. On this occasion, senior officials from SJVN and Solarworld were also present.

Sharma said that the EPC cost of the project is Rs 313.59 crore, and the project has been awarded to Solarworld Energy. The project is scheduled to be commissioned by August 2022.

The SJVN CMD further said that SJVN has bagged this project through competitive bidding held by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) at a tariff of Rs 2.68 per unit for 25 years. The project will generate 168.343 MU energy annually with a capacity utilisation factor (CUF) of 25.06 percent. Parasan Solar Park is located at Tehsil Kalpi, in Jalaun district near Kanpur, Uttar Pradesh.

Sharma further said that, with this allotment, SJVN now has 1,445 MW of solar projects under execution. He stated that all these solar projects are scheduled to be commissioned by the financial year 2023-24, which shall be a gigantic leap for SJVN's renewable energy capacity.

While pointing out that the government has envisaged 24×7 power to all, Sharma said, "Recently in United Nations Climate Change Conference (COP 26), Prime Minister Narendra Modi 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 of solar power potential to achieve the goal of 24×7 affordable and green power. In line with the target set by the government of India, SJVN has set 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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