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SJVN gets 1,000 MW solar power project
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IANS | 24 Sep, 2021
Public sector hydropower major SJVN has got 1,000 MW grid connected
solar PV power project allotted by Indian Renewable Energy Development
Agency Ltd (IREDA), its Chairman and Managing Director Nand Lal Sharma
said on Friday.
He said the company got the project through open
competitive bidding process for the capacity of 1,000 MW at the maximum
tariff of Rs 2.45 per unit.
The company got the full quoted
capacity of 1,000 MW at a viability gap funding (VGF) support of Rs
44.72 lakh per MW by the Centre.
The power generated from the
projects will be solely for self-use or use by the government or
government entities, either directly or through discoms.
Sharma
said the tentative cost of the project is Rs 5,500 crore. The project is
expected to generate 2,365 million units in the first year and the
project cumulative energy generation over 25 years would be about 55,062
million units.
At present, the SJVN has a total installed
capacity of 2,016.5 MW, which includes two hydropower plants of 1,912 MW
and four renewable power plants of 104.5 MW.
Earlier, SJVN has procured three solar projects totalling 345 MW in Gujarat, Uttar Pradesh, and Bihar.
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