SJVN’s renewable arm -- SJVN Green Energy (SGEL) has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam (GUVNL) for 500 MW Solar Project in GUVNL Phase -XXI. Earlier, SJVN Green Energy had bagged the 500 MW (100 MW + 400 MW Green Shoe) Project through tariff based competitive bidding at a tariff of Rs 2.54 /Unit on Build Own and Operate (BOO) basis on e-RA was conducted on January 25, 2024 by GUVNL.
The power purchase agreement shall be executed with GUVNL after adoption of tariff by GERC. The Project shall be commissioned in a period of 18 months from the date of signing of PPA i.e. by November 2025.
The project is expected to generate 1271.07 million units in the 1st year after commissioning and the projected cumulative energy generation over a period of 25 years would be about 29245.40 million units. Commissioning of this Project is expected to reduce 1433025 tonnes of carbon emission and would contribute in GoI mission of reduction in carbon emission.
The company is on rapid progression to achieve its Shared Vision of 25000 MW by 2030 & 50000 MW by 2040. This Shared Vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from nonfossil 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.
| 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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