SJVN to set up 500-MW solar power project

Tribune News Service

Updated At : 02:10 PM Mar 15, 2024 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

Shimla, March 14

SJVN Green Energy Limited (SGEL), the renewable arm of SJVN, has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a 500-MW solar project at GUVNL Phase-XXI.

SJVN chairperson Geeta Kapoor said SJVN Green Energy Limited had won the 500-MW (100-MW 400-MW Green Shoe) project at a tariff of Rs 2.54 per unit on ‘Build Own and Operate’ (BOO) basis through tariff-based competitive bidding.

She said the estimated cost of the construction and development of this project was Rs 2,700 crore and it was to be developed at GIPCL Solar Park in Khavda. The Power Purchase Agreement (PPA) with GUVNL would be executed after adoption of the tariff by GERC.

“The project will be commissioned for a period of 18 months from the date of signing of PPA, that is November 2025,” added Kapoor.

Tags :

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles