scorecardresearch
SJVN bags contract for fist-ever 30 MW wind-solar hybrid project worth Rs 195 cr

SJVN bags contract for fist-ever 30 MW wind-solar hybrid project worth Rs 195 cr

The project is expected to generate 79 MUs (Million Units) in the first year, and on cumulative basis, approximately 1,860 MUs would be generated over a period of 25 years.

(representational image) (representational image)

Government-owned Satluj Jal Vidyut Nigam (SJVN) on Friday said it won a contract worth Rs 195 crore for setting up of its first ever 30 MW Wind-Solar Hybrid project.

''Company has bagged its first ever 30 MW wind-solar hybrid project through a tender floated by Solar Energy Corporation of India Ltd (SECI),'' SJVN said in a BSE filing.

This project will assist the company in achieving its ambitious shared vision of 5000 MW by 2023, 25000 MW by 2030 and 50000 MW by 2040 and simultaneously contribute towards RE capacity addition target of 500 GW by 2030 set by the government, the company added.

The project was bagged through a tariff-based competitive bidding process for providing electricity at the rate of Rs 2.54 per unit on build, own and operate basis, the company said, adding that the tentative cost for construction and development of project is Rs 195 crore. The project is expected to generate 79 MUs (Million Units) in the first year, and on cumulative basis, approximately 1,860 MUs would be generated over a period of 25 years.

SJVN said it will sign a Power Purchase Agreement (PPA) with SECI for 25 years.

The project shall be commissioned within 18 months from the date of signing of the PPA. The project, once becomes operational, is expected to reduce 90,993 tonnes of carbon emissions and will contribute to the government's target to achieve net zero carbon emission by 2070, the company said.

Shares of SJVN on Friday closed 1.43 per cent higher at Rs 28.40 apiece on BSE.

Published on: May 06, 2022, 4:04 PM IST
Posted by: Aparna Banerjea, May 06, 2022, 3:50 PM IST