Friday, June 24, 2022

SJVN urges CM Yogi for allotment of more RE power projects in UP

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New Delhi:  SJVN Limited’s Director (Finance) AK Singh met Chief Minister of Uttar Pradesh Yogi Aditya Nath on Wednesday to brief him about the progress being made in the allotted 75 MW Solar Project in Parasan Solar Park. While mentioning the details, citing the efficiency that SJVN brings in the projects, he requested Chief Minister Yogi Adityanath for the allotment of more renewable power projects in the state to SJVN. The Parasan Solar Park is located at Tehsil Kalpi, District Jalaun near Kanpur, Uttar Pradesh.

AK Singh apprised CM Yogi that SJVN has awarded the engineering, procurement and construction (EPC) of the project to Solarworld Energy Solutions Private Limited. The development of the project will involve an investment of around Rs 392 crores. 

The Parasan Solar Park project is scheduled to be commissioned by July 2022.

The director intimated CM Yogi that SJVN has bagged this project through competitive bidding held by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) at a tariff of Rs 2.68 per unit for 25 years. The project will generate 168 Million Units (MU) of energy annually and 4,205 MU of electricity in 25 years with a capacity utilization factor (CUF) of 25.06 percent. The Power Purchase Agreement (PPA) has already been signed between UPPCL (Uttar Pradesh Power Corporation Limited) and SJVN for 25 years.

Speaking on the development, SJVN Limited’s Chairman & Managing Director (CMD) Nand Lal Sharma said that SJVN currently has more than 11,000 MW power projects in its portfolio and such initiatives would enable SJVN to achieve its shared vision of generating 5000 MW by 2023, 12000 MW by 2030 and 25000 MW by 2040 to meet the company's short-medium-long term objectives.

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