SJVN Limited (“SJVN”) has secured 100 MW Grid connected Solar Power Project in Gujarat through Tariff Based Competitive Bidding conducted by Gujarat Urja Vikas Nigam Limited (“GUVNL”).
The Project will generate 245.28 Million Units energy annually and the cumulative energy generation over a period of 25 years will be 6132 Million Units approximately. Further, the energy generated from this Project will be procured by GUVNL for 25 years and Power Purchase Agreement between SJVN and GUVNL will be signed shortly. The tentative cost of Project development will be 500 Crores.
This project will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India.