SJVN has achieved Financial Closure for Bagodara Solar Power Project (BSPP, 70 MW), Gujarat by allocating necessary debt of Rs 267.30 crore out of total project cost Rs 334.12 crore required for the project from its foreign currency term loan already in place.
The Project has already commenced its construction activities, contract agreement got signed in September, 2021 and moving fast forward to generate 178.20 Million unit in its 1st year of operation. Project is scheduled to generate electricity from October, 2022, a major feat for SJVN in renewable energy to contribute the national target of 175 GW renewable energy by the end of current year. The project has been bagged by SJVN from GUVNL at a tariff of 2.21/Kwh at a 28.8% CUF.
This project will assist the Company in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by Government of India.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
