SJVN Bags LoA from APDCL for Solar Projects of Cumulative Capacity of 320 MW

Tariff Discovered in SJVN 1.5 GW Tender Exceeds INR 4 per Kwh

SJVN Green Energy Limited (SGEL) has received Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three solar power projects of cumulative capacity 320 MW. SGEL had participated in three separate tariff based competitive bidding tenders of APDCL, that is, 50 MW, 70 MW and 200 MW.

The 50 MW and 70 MW projects are under solar park category and have been allotted at a tariff of INR 3.92/Unit and the 200 MW is to be developed anywhere in Assam and has been allotted at a tariff of INR 3.90/Unit.

These three solar power projects shall be developed on Build Own and Operate (BOO) basis. The projects are expected to generate cumulative 628 MUs in the first year and the cumulative energy generation over a period of 25 years would be about 14591 MUs. As per RfS, the projects shall be commissioned in a period of 18 Months from the date of signing of PPA and expected to be commissioned by March 2025. The PPA shall be signed between APDCL and SGEL for 25 years. The tentative cost of construction / development of these 320 MW projects is around INR 1900 Crores.

The commissioning of these projects is expected to reduce 7.14 lakhs tonnes of carbon emission. Recently, SGEL bagged 90 MW capacity for the Omkareshwar floating solar project located in Madhya Pradesh. This is the second win for the said project for SJVN since the firm had also bagged 90 MW of the capacity for it in January 2023. The project has been won at INR 3.79 ($0.046)/kWh.