SJVN starts commissioning 75 MW Parasan Solar Project in UP

Shimla: Nand Lal Sharma, Chairman & Managing Director (CMD), SJVN Limited, announced that the Miniratna PSU has started commissioning its 75 MW solar power project in Parasan Solar Park, which is located at Tehsil Kalpi, Jalaun district near Kanpur, Uttar Pradesh. The process of commissioning will be completed by the end of this month. Sharma said that this project will be the third solar project of SJVN to be commissioned besides two hydro and two wind projects. And with the commissioning of this project, the installed capacity of SJVN will now be 2,091.5 MW.

SJVN: 75 MW Parasan solar power project to provide power at Rs 2.68/unit

Sharma said that that SJVN had bagged 75 MW Parasan solar power project at a tariff of Rs 2.68 per unit on Build-Own-and-Operate (BOO) basis under competitive tariff bidding conducted by Uttar Pradesh New & Renewable Development Agency (UPNEDA). The cost of construction/development of this project is Rs 392.3 crore. The Power Purchase Agreement (PPA) for the same has been signed with Uttar Pradesh Power Corporation Limited (UPPCL) for 25 years.

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He further said that 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 3,919 MU. This will further result in around Rs. 45.11 crore per annum.

4,0007.5 MW RE projects under implementation

SJVN is implementing this project along with other Renewable Energy (RE) projects of 4,007.5 MW capacity through its wholly-owned subsidiary of SJVN Green Energy Limited. After the commissioning of Parasan Solar Power Project, out of this 4,007.5 MW Renewable portfolio, 179.5 MW will be under operation, while 1,370 MW projects are under construction and 2,458 MW are at different stages of implementation.

SJVN is on a rapid expansion and capacity addition journey. And with the present portfolio of more than 42,000 MW, the company is marching forward tirelessly to achieve its vision of putting in place 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW installed capacity by 2040.

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