SJVN Green Energy secures 200 MW solar project in Gujarat
![SJVN Green Energy secures 200 MW solar project in Gujarat](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/03/5641.jpg)
State-owned power producer SJVN Ltd announced on Sunday that its subsidiary, SJVN Green Energy, has won a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam.
The project, to be developed on a build-own-and-operate basis, will have a tentative development cost of Rs 1,100 crore.
The project will be located in the 1,125 MW Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, Gujarat. SJVN Green Energy secured the project with a tariff of Rs 2.66 per unit.
Geeta Kapur, Chairman and Managing Director of SJVN, stated that the project is expected to generate approximately 504 million units of energy in its first year of operation, with a cumulative energy generation of about 11,732 million units over 25 years.
The project is scheduled to be commissioned within 18 months from the signing of the power purchase agreement between GUVNL and SGEL.
In addition to contributing to India’s renewable energy goals, the commissioning of this project is projected to reduce carbon emissions by approximately 5,74,868 tonnes.
SJVN aims to achieve its vision of 25,000 MW by 2030 and 50,000 MW by 2040, in alignment with the government’s commitment to generating 50% of power from non-fossil fuel-based energy resources by 2030.
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