SJVN’s wholly owned subsidiary -- SJVN Green Energy (SGEL) has commissioned 100 MW Raghanesda Solar Power Project located in district Banaskantha, Gujarat. SGEL has bagged this 100 MW Solar Power Project at a tariff of Rs 2.64 per unit through Competitive Tariff bidding conducted by Gujarat Urja Vikas Nigam (GUVNL).
Power Purchase Agreement for the same has been signed with GUVNL for 25 years. Cost of Construction / Development of this project is Rs 642 crore. The project will generate 252.3 MUs in the first year and the estimated cumulative energy generation over a period of 25 years shall be 5,805 MUs.
The company is on rapid progression to achieve its Shared Vision of 25,000 MW by 2030 & 50,000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
