SJVN Green Energy Limited, a wholly-owned subsidiary of SJVN Limited, has recently entered into significant Power Purchase Agreements (PPAs) with Punjab State Power Corporation Limited (PSPCL). These agreements encompass two solar projects, one with a capacity of 200 MW and the other with a capacity of 1,000 MW.
Under the terms of these agreements, SJVN Green Energy is tasked with the development of the solar projects, each to be established on a Build Own and Operate basis.
The projects are anticipated to be completed within a span of 18 months, involving a substantial investment of approximately ₹7,000 crores. The receipt of the Letter of Intent from PSPCL for these combined 1,200 MW solar projects on July 21, 2023, marks a significant milestone.
Upon successful execution, these projects are projected to collectively generate around 2,997 million units in their first year of operation. Over a period of 25 years, the cumulative energy generation is estimated to reach approximately 69,661 million units. Importantly, these projects are set to have a substantial positive impact on environmental sustainability.
It is anticipated that the commissioning of these solar facilities will contribute to a reduction of over 34 lakh tonnes of carbon emissions, aligning with the broader goals of clean energy adoption and reduction of greenhouse gas emissions.
 with Punjab State Power Corporation Limited (PSPCL). The agreements involve the development of a 200 MW and a 1,000 MW solar project, respectively. These projects, to be completed within 18 months, will require an investment of approximately ₹7,000 crores. The anticipated energy generation from these projects over 25 years is substantial, with an estimated reduction of over 34 lakh tonnes of carbon emissions.){kind=link}