SJVN, a power producer, has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 200 MW grid-connected wind power project.
SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN, had participated in the tariff-based competitive bidding (TBCB) process conducted by SECI for the selection of wind power developers for setting up 1,200 MW grid-connected wind power projects anywhere in India. The tentative cost for the development of this project is Rs 1,400 crore.
SGEL bagged 200 MW contract, which will be executed on a build-own and operate (BOO) basis. By securing this engineering, procurement, and construction (EPC) contract, the wind portfolio of SJVN now stands at 497.6 MW. The two projects with a cumulative capacity of 97.6 MW are under operation and the remaining three projects with a cumulative capacity of 400 MW are under various stages of development.
Once completed, the project is expected to generate 482 million units in the first year and the projected cumulative energy generation over a period of 25 years is 12,050 million units. The project will be commissioned by November 2025, within 24 months from the effective date of the PPA signing.
This will strengthen SJVN's presence in the renewable energy sector as well as help in achieving the central government's target of 50 percent installed capacity from non-fossil fuel sources by 2030. Moreover, the company seeks to achieve12,000 MW by 2026, and the ambitious shared vision of 50,000 MW installed capacity by 2040.
