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SJVN Green Energy Secures 600 MW Solar Power Deal with RUVITL in Rajasthan

11 Mar 2024 , 11:02 AM

SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN, has entered into agreements with Rajasthan Urja Vikas and IT Services (RUVITL) for solar power projects.

SGEL signed a Power Usage Agreement (PUA) for 500 MW solar power and a Power Purchase Agreement (PPA) for 100 MW solar power with RUVITL. The agreements with RUVITL are for a duration of 25 years, securing the supply of a cumulative 600 MW Solar Power.

Under the PUA, SGEL will supply 500 MW power at a tariff of ₹2.57 per unit from the 1000 MW Bikaner solar power project, developed under Phase-II (Tranche-3) of the CPSU Scheme.

The Bikaner solar project, located in Rajasthan, is the largest single-location project in the country, costing ₹5,491 Crore and expected to commission by September 30, 2024.

SGEL has secured the entire 1000 MW tie-up for this project, with UPPCL (200 MW) and JKPCL (300 MW) as the other beneficiaries. Additionally, SGEL signed a PPA for 100 MW solar power at a tariff of ₹2.62 per unit for a project located at Nawa, Rajasthan, leased for 28 years from Sambhar Salts Limited.

The Nawa project, developed on a Build Own and Operate (BOO) basis, is expected to cost around ₹550 Crore and generate approximately 252 million units in the first year, with a cumulative energy generation of about 5,866 million units over 25 years.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Business news
  • Green Energy News
  • SJVN
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