SJVN Commissions 100 MW Raghanesda Solar Power Station In Gujarat

SJVN Commissions 100 MW Raghanesda Solar Power Station In Gujarat

Satluj Jal Vidyut Nigam (SJVN Limited) has commissioned its 100 MW Raghanesda Solar Power Station located in the district of Banaskatha in Gujarat. The project is expected to generate 252 million units of energy in the first year while the cumulative energy generation over 25 years is estimated to be 5,805 million units. Under a long-term Power Purchase Agreement (PPA) signed in January 2022, the power generated by the Raghanesda Solar Power Station will be supplied to Gujarat Urja Vikas Nigam Limited (GUVNL) for 25 years.

With the addition of this project, SJVN’s installed capacity becomes 2,377 MW. This marks the commissioning of SJVN’s second solar project this month, following the commissioning of the 50 MW Gujrai Solar Power Station in Uttar Pradesh on February 23, 2024.

SJVN Green Energy Limited, the renewable arm of SJVN Limited, had secured the 100 MW Raghanesda Solar Power Station at a tariff of Rs. 2.64 per unit through tariff-based competitive bidding conducted by GUVNL. The construction and development cost of the project is Rs. 642 crores.

Chairperson and Managing Director, SJVN, Geeta Kapur said that the commissioning of the company’s eleventh power project highlights SJVN’s dedication to enhancing the green energy landscape of the nation and further solidifying the company’s position as a major player in the energy sector.

SJVN had secured the financing for the project from the Japan Bank for International Cooperation under the Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) program, reinforcing its dedication to green initiatives and responsible growth. The project will make a significant contribution to the Renewable Energy Goals of the state of Gujarat and will also contribute to fostering energy security in the region.

SJVN Limited, a Mini Ratna- Category-I and Schedule – ’A’ Central Public Sector Enterprise under the administrative control of the Ministry of Power, Government of India, commenced its journey on May 24, 1988, as a joint venture of the Government of India and the Government of Himachal Pradesh.

A listed entity, SJVN has 55% of its shares held by the Government of India, 26.85% by the Government of Himachal Pradesh, and the remaining 18.15% by the public. SJVN has diversified into almost all forms of energy i.e. Hydro, Thermal, Wind, Solar, Power Trading, and Transmission. Looking ahead, SJVN aims to grow by setting ambitious targets to achieve the Shared Vision of 25,000 MW installed capacity by the year 2030 and 50,000 MW installed capacity by the year 2040.