In a major stride towards bolstering India’s renewable energy landscape, SJVN Limited, under the leadership of Chairman & Managing Director, Sh. Nand Lal Sharma, has successfully inked Power Purchase Agreements (PPAs) for 300 MW Renewable Energy Projects. The PPAs were officially signed by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN.
One of the key agreements entails a 200 MW Solar Power Project Capacity PPA with Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Mumbai. Another noteworthy PPA has been secured with Solar Energy Corporation of India Limited (SECI) for a 100 MW Wind Power Capacity project in Delhi.
The development cost for the 200 MW Ground Mounted Solar Project in Maharashtra is estimated at around Rs. 1200 crores. SGEL managed to clinch this project at a competitive tariff rate of Rs. 2.90 per unit through a rigorous e-reverse auction organized by MSEDCL. The commissioning of this solar project is projected to take place in December 2024, and it is anticipated to generate an impressive 456 MU in its first year of operation, with a cumulative energy generation of approximately 10,481 MU over 25 years.
Meanwhile, the 100 MW Wind Power Project, with a development cost of around Rs. 750 crores, was secured at the same tariff of Rs. 2.90 per unit through e-reverse auction on a Build Own and Operate basis. This project is expected to be commissioned in March 2025, contributing an estimated 289.27 MUs in its first year, and an accumulated energy generation of approximately 7,231.75 MU over 25 years.
Moreover, the commissioning of these projects is predicted to reduce carbon emissions by a substantial 8,67,916 tonnes, aligning with the Indian government’s vision of achieving net-zero emissions by 2070. SJVN’s ambitious journey for renewable energy development is in accordance with Hon’ble Prime Minister Sh. Narendra Modi’s vision to generate 500 GW Energy from non-fossil sources by 2030.
 for 300 MW Renewable Energy Projects. Chairman & Managing Director, Sh. Nand Lal Sharma, leads the way in securing a 200 MW Solar Power Project with MSEDCL and a 100 MW Wind Power Project with SECI. These sustainable initiatives aim to reduce carbon emissions, contributing to India's mission of net zero emissions by 2070.){kind=link}