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SJVN Green Energy Limited, the renewable energy subsidiary of SJVN, has been granted a letter of intent (LOI) by Gujarat Urja Vikas Nigam Limited (GUVNL) for a 500-MW solar project under GUVNL Phase -XXI. The project entails the construction and establishment of the solar facility at the GIPCL Solar Park in Khavda. This LOI follows SJVN Green Energy Limiteds successful bid at a tariff of ?2.54 per unit on a build-own-and-operate (BOO) basis during an e-RA conducted by GUVNL on January 25, 2024.
The tentative cost of the project is estimated at ?2,700 crore, as reported by the company. The power purchase agreement (PPA) will be executed with GUVNL subsequent to the tariff adoption by the Gujarat Electricity Regulatory Commission. Scheduled for commissioning within 18 months from the PPA, the project aims for completion by November 2025.
In its initial year, the project is anticipated to generate approximately 1,271.07 million units of energy, with an estimated output of about 29,245.40 million units over 25 years. Moreover, the project is expected to contribute to a reduction in carbon emissions by approximately 1,433,025 tonnes, aligning with the Government of India’s mission towards environmental sustainability. |
