SJVN Signs PPAs For RE Projects Worth 300 MW With MSEDCL, SECI

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

SJVN has entered into Power Purchase Agreements (PPA) for a cumulative capacity of 300 MW renewable energy
projects. The PPAs have been signed by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of the firm. The projects have been won through competitive bidding.

The PPAs have been signed for 200 MW solar power project capacity with Maharashtra State Electricity Distribution Company Limited (MSEDCL) at Mumbai and with Solar Energy Corporation of India Limited (SECI) for 100 MW wind power capacity at Delhi.

MSEDCL Project

The development cost of 200 MW ground mounted solar project in Maharashtra is valued at around ₹1,200 Crores. SGEL has bagged the project at a tariff of ₹2.90 per unit through competitive bidding process in an e-reverse auction organized by MSEDCL. The project is expected to be commissioned in December 2024. The project is expected to generate 456 MU in the first year and the cumulative energy generation over a period of 25 years would be about 10,481 MUs.

SECI Project
The development cost of the 100 MW wind power project is valued at around ₹750 crores. The project has been won @ ₹2.90 per unit on Build Own and Operate basis through e-reverse auction. The project is expected to be commissioned in March 2025. The project is expected to generate 289.27 MUs in the 1st year and the cumulative energy generation over a period of 25 years would be about 7,231.75 MUs.

The commissioning of the said projects is expected to reduce 8,67,916 tonnes of carbon emission.

SJVN has set itself a target of achieving renewable energy capacity of 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW installed capacity by 2040.

Earlier, SJVN Green Energy had won a capacity of 200 MW for a wind energy project via competitive bidding through a tender floated by SECI.

A few days ago, SJVN Green Energy Limited floated a tender for BoS package to set up 360 MW solar projects in Gujarat.