SJVN announced this week its arm SJVN Green Energy Ltd (SGEL) has awarded the balance-of-system (BOS) package for a 100 MW solar project to BVG India. The project will be located in the state of Punjab and is worth INR 132.64 crore ($16.14 million).
BVG’s scope of work includes design, engineering, supply, erection, testing, commissioning, and operations and maintenance of the PV plant for a period of three years, excluding the supply of PV modules. SGEL will supply the PV modules separately to the BOS contractor.
SJVN is developing this PV plant on a build-own-operate (BOO) basis. It secured the project at a tariff of INR 2.65 per unit through tariff-based competitive bidding followed by an e-reverse auction.
Nand Lal Sharma, chairman and managing director of SJVN, said, “The tentative cost of construction of this project is INR 545 crore. The project is expected to generate 227 MU in the first year, while the cumulative energy generation over a period of 25 years would be around 5,302 MU.”
Punjab State Power Corp Ltd has already signed a 25-year power purchase agreement with SJVN.
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