SJVN, a public sector enterprise, has received Letters of Intent (LoIs) from Jammu and Kashmir Power Corporation Ltd (JKPCL) and Rajasthan Urja Vikas Nigam Ltd (RUVNL) for the purchase of solar power from the forthcoming 1,000 MW Bikaner Solar Project in Rajasthan. Under the LoIs, JKPCL plans to procure 600 MW, while RUVNL intends to purchase 500 MW of solar power. The agreed tariff for this power supply stands at Rs 2.57 per unit. The Bikaner Solar Project is slated for commissioning by June 2024.
The allocation of solar power from this project will be formalized through Power Purchase Agreements (PPAs), set to be signed in the near future. These PPAs will be executed by SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, which is responsible for the development of the 1,000 MW Bikaner Solar Project.
Notably, the foundation stone for this ambitious solar project was laid by President Droupadi Murmu on January 3, 2023. SJVN secured a major Engineering, Procurement, and Construction (EPC) contract worth Rs 5,491 crore for this project, which was awarded to Tata Solar Power Systems Ltd.
The Bikaner Solar Project is anticipated to generate 2,455 million units in its first year of operation and a cumulative total of approximately 56,838 million units over 25 years. Additionally, it is expected to have a considerable environmental impact by reducing carbon emissions by 27,85,077 tonnes.
SJVN, as a central public sector undertaking under the Ministry of Power, has signed a memorandum of understanding with the Rajasthan government to undertake the development of 10 GW of renewable energy projects and parks within the state, further solidifying its commitment to sustainable energy initiatives.