SJVN & Bihar State Power Holding Company Ltd. has signed the Power Purchase Agreement, along with its two DISCOMs i.e. North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL).
The PPA was signed in the presence of Sh. Bijendra Prasad Yadav, Minister of Power Bihar, Sh. Sanjeev Hans, Principal Secretary Energy & CMD BSPHCL, Sh. A.K Singh, Director (Finance) SJVN and Sh. Sushil Kumar Sharma, Director (Electrical) SJVN.
SJVN has bagged this project at a tariff of Rs 3.11 per unit through Open Competitive Tariff Bidding organised by Bihar Renewable Energy Development Agency (BREDA). Out of the total 200 MW, SJVN plans to develop a 125 MW Solar Power Project at Kakanchor, District. Jamui and 75 MW Solar Power Project at Katoriya, District Banka. The Power Generated through these projects will be evacuated through New Jamuai and New Banka Substations respectively.
Sh. Sharma stated that the estimated cost of construction and design for this Project is Rs. 1000 Crores. The project is expected generate around 421 MU in its first year, and 10512 over the course of the next 25 years. The project is expected to be completed by November 2023.
Sh. Bijendra Prasad Yadav, Minister of Power stated that the Bihar Government was considering allocating 1000 MW Kaimur Pumped Storage Projects to SJVN. He stated that SJVN should explore the possibility of setting up floating solar power plants in Bihar.
In the backdrop of Prime Minister Sh. Narendra Modi’s vision to generate 500 GW Energy by 2030 from non-fossil sources, SJVN is embarking on an ambitious journey to develop renewable energy. To achieve this vision, SJVN has added significant renewable projects to their portfolio. The company has around 31500 MW in total.
The company is moving towards realizing its Shared Vision, which includes 5000 MW in 2023, 25000 MW by 2030, and 50000 MW of installed capacity by 2040.