The project will generate 245.28 million units of energy annually and the cumulative energy generation over a period of 25 years will be about 6,132 million units
State-owned power producer, SJVN, has secured 100 megawatt (MW) grid-connected solar power project in Gujarat through tariff-based competitive bidding conducted by Gujarat Urja Vikas Nigam (GUVNL).
According to the official press release, the project will generate 245.28 million units of energy annually and the cumulative energy generation over a period of 25 years will be about 6,132 million units.
It added that the energy generated from this project will be procured by GUVNL for 25 years and power purchase agreement between SJVN and GUVNL will be signed shortly. The tentative cost of project development is about Rs 500 crore.
“The addition of this solar project along with multiple projects obtained by the company recently will contribute to India’s goal to build the green energy economy and boost the nation’s renewable energy potential.,” said Nand Lal Sharma, chairman and managing director, SJVN.
At present, the company has 12 solar power projects of 3,065 MW capacity under various stages of development with a total portfolio of more than 16,900 MW.
