SJVN Green Energy Limited Wins 200 MW Solar Project Bid in Gujarat’s Khavda Solar Park

In a significant development within India’s renewable energy sector, SJVN Green Energy Limited (SGEL), a subsidiary of the prominent energy company, has won a bid to develop a 200 MW solar power project. This project is part of the larger Gujarat State Electricity Corporation Limited (GSECL) Solar Park initiative, which is located in Khavda, Gujarat, and encompasses a total capacity of 1,125 MW. The bidding process was organized by Gujarat Urja Vikas Nigam Limited (GUVNL) and took place on February 2, 2024, with SGEL securing the entire 200 MW at a competitive tariff of ₹2.66 per unit.

This endeavor is set to be developed on a Build Own and Operate (BOO) basis, with an estimated construction and development cost of around ₹1,100 crore. The project aims to generate approximately 504 million units (MUs) of electricity in its first year, reaching a total of about 11,732 MUs over a span of 25 years. According to the terms outlined in the Request for Selection (RfS), the project is slated for completion within 18 months from the signing of the Power Purchase Agreement (PPA), which will bind GUVNL and SGEL for a duration of 25 years.

The solar power project is expected to play a crucial role in reducing carbon emissions, with an anticipated reduction of 574,868 tonnes, aligning with the Government of India’s mission to cut down on carbon footprints. This project not only contributes to India’s renewable energy goals but also supports SGEL’s ambitious plan to expand its energy portfolio to 25,000 MW by 2030 and 50,000 MW by 2040. This expansion is in harmony with the government’s pledge to source 50% of the country’s energy from non-fossil fuel-based resources by 2030, marking a significant step towards sustainable energy solutions.