SJVN, a joint venture between the Government of India and the Government of Himachal Pradesh, has secured a 200 MW Grid Connected Solar Power Project in Khavda Solar Park, Gujarat through an e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).
The solar project will be built, owned, and operated by SJVN and is expected to generate 505 million units of energy in the first year of commissioning and a cumulative energy generation of approximately 11,756 million units over a period of 25 years. The commissioning of the project is expected to reduce 576,067 tonnes of carbon emissions. SJVN has won the project with a quoted capacity of 200 MW at a rate of Rs 2.88 per unit under Open Competitive Tariff bidding by GUVNL. The tentative cost of the project is expected to be around Rs 1200 Crores.
Sh. Nand Lal Sharma, Chairman & Managing Director of SJVN, stated that the company’s vision is aligned with the government’s vision for a carbon-neutral economy. With the allocation of this project, SJVN’s solar and wind portfolio stands at 17,620 MW, out of which 179.5 MW is under operation and the rest is under various stages of implementation. SJVN is on a rapid expansion and capacity addition journey, and with the allocation of this solar project, the project portfolio of the company has now reached 47,079 MW.