SJVN Energizes Gujarat with 100 MW Raghanesda Solar Power Project

In a significant boost to India’s renewable energy sector, SJVN Limited has announced the commissioning of its 100 MW Raghanesda Solar Power Station in Banaskatha district, Gujarat. This strategic move not only reinforces SJVN’s commitment to sustainable energy but also marks a significant milestone in its expansion, bringing its total installed capacity to 2,377 MW.

The newly commissioned solar power station is expected to produce 252 million units of energy in its inaugural year, with a projected total of 5,805 million units over the next 25 years. This energy output will be directed to Gujarat Urja Vikas Nigam Limited (GUVNL) under a 25-year Power Purchase Agreement, which was signed in January 2022.

This project is SJVN’s second solar venture to come online this month, following the 50 MW Gujrai Solar Power Station in Uttar Pradesh. With a construction and development cost of Rs. 642 crores, the Raghanesda project was secured by SJVN Green Energy Limited, the renewable energy wing of SJVN, at a competitive tariff of Rs. 2.64 per unit through Tariff Based Competitive Bidding conducted by GUVNL.

Smt. Geeta Kapur, Chairperson & Managing Director of SJVN, emphasized the company’s ongoing commitment to enhancing India’s green energy landscape and securing its position as a leading energy sector player. The project received financial backing from the Japan Bank for International Cooperation under the GREEN program, highlighting SJVN’s focus on sustainable and responsible growth.

Established in 1988 as a collaboration between the Government of India and the Government of Himachal Pradesh, SJVN is a Mini Ratna- Category-I and Schedule – ’A’ CPSE. With the government holding a majority stake, SJVN has diversified across various energy forms, including hydro, thermal, wind, solar, power trading, and transmission. Looking forward, SJVN sets ambitious goals, aiming for an installed capacity of 25,000 MW by 2030 and 50,000 MW by 2040, underpinning its commitment to renewable energy and energy security in Gujarat and beyond.