SJVN's subsidiary, SJVN Green Energy (SGEL) has signed long term pacts to supply 600 MW solar electricity to Rajasthan. This includes a power usage agreement (PUA) for 500 MW solar power from Bikaner Solar Power Project, and a power purchase agreement (PPA) for 100 MW from Rajasthan Solar Power Project, both for a period of 25 years.
SGEL signed the PUA and PPA with Rajasthan Urja Vikas and IT Services (RUVITL) in Jaipur on 10 March, 2024. Under the Agreement, SGEL would supply 500 MW of power at a tariff of Rs 2.57 per unit, from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the central public sector units scheme. Being developed at village Banderwala, in Bikaner, Rajasthan, the 1000 MW Solar Project is expected to generate 2,454.84 million units of energy in the first year, and about 56,474 million units cumulatively. The project is scheduled for commissioning by 30 September, 2024.
SGEL will supply 100 MW solar power at a tariff of Rs 2.62 per unit, from the project secured through competitive bidding. The project is expected to generate 252 million units of energy in the first year and a cumulative energy of 5,866 million units over a period of 25 years. The project will be developed on 387.56 acres of land of Sambhar Salts at Nawa, Rajasthan, which has been leased for 28 years. The project will be developed on build, own and operate (BOO) basis at an estimated cost of Rs 550 crore.
With this PUA, SGEL has secured a tie-up of the full project capacity of 1,000 MW, with 200 MW to be supplied to Uttar Pradesh Power Corporation (UPPCL), and 300 MW to Jammu and Kashmir Power Corporation (JKPCL).
