SJVN Green Energy Limited (SGEL), a subsidiary of SJVN Limited, has received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limuited for setting up a 200 MW solar power project in the state. The estimated cost for developing the ground-mounted solar project is over Rs 11 billion. As per the LoI, SGEL will develop the project anywhere in India through an engineering, procurement and construction contract. The 200 MW solar plant will be commissioned within 18 months of signing the power purchase agreement with GUVNL.
The 25-year PPA will be executed between GUVNL and SGEL after tariff adoption by the Gujarat Electricity Regulatory Commission. On completion, the project is expected to generate around 508 million units in the first year. Over 25 years, the cumulative energy generation is projected to be 11,836 million units.
Recently, in February 2024, SGEL issued a tender for the selection of developers for developing 1,500 MW inter-state transmission system connected wind-solar hybrid projects in India.
In January 2024, SJVN obtained the government’s approval to establish four joint venture entities for the advancement of hydro and renewable projects, combining a total capacity of 8,778 MW in both India and Nepal.