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In a major stride in the direction of bolstering its renewable vitality endeavors, state-owned energy producer SJVN Ltd has sealed a pivotal pact with the Photo voltaic Power Company of India (SECI) to produce 200 MW of wind energy. The chairman and managing director of SJVN, Nand Lal Sharma, introduced the profitable signing of an influence buy settlement (PPA) for a 200 MW grid-connected wind energy challenge with SECI. This challenge will probably be spearheaded by SJVN Inexperienced Power Ltd (SGEL), the corporate’s wholly-owned subsidiary, which secured the bid by means of a aggressive tariff bidding course of performed by SECI.
SGEL clinched the 200 MW challenge at a tariff of Rs 3.24 per unit on a build-own and function (BOO) foundation throughout the open aggressive bidding course of. Underneath the PPA phrases, SGEL will oversee the event of the 200 MW wind challenge wherever in India by means of an Engineering, Procurement, and Development (EPC) contract. This achievement propels SJVN’s wind vitality portfolio to a powerful 497.6 MW, with operational tasks totaling 97.6 MW and three extra tasks, amounting to 400 MW, in numerous phases of growth.
The estimated price for this enterprise is roughly Rs 1,400 crore, with a focused commissioning date set for November 2025. This strategic addition aligns with SJVN’s dedication to bolster its presence within the renewable vitality sector, supporting the Indian authorities’s aim of attaining 50% put in capability from non-fossil gas sources by 2030. Moreover, it enhances SJVN’s bold targets of reaching 12,000 MW by 2026 and contributing to the shared imaginative and prescient of fifty,000 MW put in capability by 2040.
