SJVN Limited’s Chairman and Managing Director, Nand Lal Sharma, announced that a Power Usage Agreement (PUA) has been signed between SJVN and Punjab State Power Corporation Limited (PSPCL) for the supply of 500 MW of solar power. The solar power will be sourced from SJVN’s ongoing 1000 MW Bikaner Solar Power Project in Rajasthan.
Sharma explained that the Bikaner Solar Power Project is part of the CPSU Scheme and is being developed under the domestic content requirement mode. SJVN awarded the project’s EPC contract, worth Rs 5,491 crores, to Tata Power Solar Systems Limited, making it India’s largest single EPC contract. The project is being executed by SJVN’s subsidiary, SJVN Green Energy Limited (SGEL), and is expected to be commissioned by March 2024.
Upon completion, the Bikaner Solar Power Project will generate 2455 million units in its first year and a total of 56838 million units over 25 years. The power will be utilized by government entities, either directly or through DISCOMS. Discussions are underway for the remaining 500 MW capacity with various DISCOMS, and agreements are expected to be signed soon.
The Power Usage Agreement was signed by SGEL’s Deputy CEO Ajay Singh and PSPCL’s Engineer-in-Chief Massa Singh in the presence of senior officials from both organizations.