State-owned power utility giant SJVN has bagged a 200 MW solar project from Gujarat Urja Vikas Nigam Ltd (GUVNL).
“The company has obtained 200 MW Grid Connected Solar Power Project in Khavda Solar Park through an e-Reverse auction conducted by GUVNL, SJVN Ltd,” stated Mr. Nand Lal Sharma, Chairman and Managing Director (CMD).
The estimated cost of the project is approximately ₹1,200 crores. Once commissioned, the solar plant is estimated to generate 505 million units of energy in the first year and a cumulative 11,756 units over the next 25 years. Moreover, the massive project is expected to offset 5, 76,067 tonnes of carbon emissions.
SJVN bagged the project at a tariff of ₹2.88/unit and it would be developed on Build, Own, and Operate (BOO) basis.
SJVN has been at the forefront of renewable energy project development in India and has created an expansive RE portfolio of 46,879 MW. In March, the organization had been awarded another 200 MW project in Maharashtra.
Further, the company has said that with the allotment of this project, its solar and wind portfolio now stands at 17,620 MW, out of which 179.5 MW capacity is under implementation.
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Resource: ET Energy
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