SJVN’s wholly owned subsidiary -- SJVN Green Energy (SGEL) has signed a Power Usage Agreement (PUA) with Uttarakhand Power Corporation (UPCL). The PUA has been signed for 200 MW Solar Power capacity to be supplied to UPCL from the under construction 1,000 MW Bikaner Solar Power Project (BSPP). This solar project is being developed by company’s wholly owned subsidiary i.e., SGEL in the state of Rajasthan under CPSU Scheme of IREDA.
The development cost of the project is Rs 5,491 crore. The project is being developed under the Domestic Content Requirement mode and is scheduled to be commissioned by April 2024. The power generated from the project will be used by government entities, either directly or through DISCOMS. This development will contribute towards meeting solar RPO targets and addressing the power deficit.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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