SJVN bags 1,000-MW Solar project

Tribune News Service

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Shimla, September 25

The SJVN has bagged a 1000-MW Grid-Connected Solar PV Power Project through Request for Proposal (RFP) floated by Indian Renewable Energy Development Agency Limited (IREDA).

The company has bagged the project through open competitive bidding process at the maximum tariff of Rs 2.45 per unit.

SJVN chairman Nand Lal Sharma said the SJVN bagged the full quoted capacity of 1,000 MW at a Viability Gap Funding (VGF) support of Rs 44.72 lakh per MW by the Government of India. The power generated from the project will be solely for self-use or for government/government entities, either directly or through discoms.

Sharma said the tentative cost of construction and development of this project was Rs 5,500 crore. The project is expected to generate 2,365 MU in the first year and the project cumulative energy generation over a period of 25 years would be about 55,062 MU.

Sharma said that with this allotment, the SJVN now has 1,345 MW of solar projects under execution.

“All these solar projects are scheduled to be commissioned by March 2023-24, which will be a gigantic leap for the SJVN’s renewable capacity,” said Sharma.