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SJVN Inks PPA with BBMB for 18 MW Solar Project

SJVN, through its wholly-owned subsidiary SJVN Green Energy (SGEL) has signed a power purchase agreement (PPA) with Bhakra Beas Management Board (BBMB) to set up an 18 MW solar power project at an investment of Rs 90 crore.

 

The project will be developed on the land parcels of BBMB in Himachal Pradesh and Punjab. The solar project, which has a potential to reduce 44,923 tonne of carbon emission annually, is to be executed within 12 months, and is scheduled to be commissioned by August 2024.

 

The power project will be implemented on a build, own and operate (BOO) basis. The PPA has been signed for 25 years, and the cumulative energy generation over this period would be about 917 million units.

 

The project has been secured through open competitive bidding e-reverse auction organised by the Punjab Energy Development Agency (PEDA). Overall, SJVN plans to install over 10,000 MW of renewable energy capacity in three years.

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