SJVN to develop 10000 MW solar power project in Rajasthan

10 Feb 2022 , 01:33 AM

SJVN has submitted a Letter of Intent LoI to develop solar power projects to the tune of 10000 MW in next five years in the state of Rajasthan The Letter of Intent LOI was duly acknowledged by the Government of Rajasthan with assurances of full support for the same SJVN intents to establish 10000 MW Renewable Power ProjectsParks on the Land Banks to be allocated by Rajasthan Renewable Energy Corporation Limited in the State An estimated investment of Rs 50000 crore is proposed by SJVN on developing these Projects The commercial production will commence in a phased manner and the power generated will be transmitted to the beneficiaries through nearest Sub Stations Power Purchase Agreements for the generated energy will be signed through competitive tariff based opportunities available in the market SJVN has proposed to develop Solar Power Projects in Rajasthan as the state has largest solar power potential in the country It receives the highest solar radiation 572 Kwhm2day and also has the highest number of more than 325 clear sunny days in a year All these factors work in favour of developing the Projects These projects will assist SJVN in achieving its ambitious shared vision of 5000 MW by 2023 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India