SJVN Green Energy Ltd, an arm of SJVN Ltd, has signed two power purchase agreements (PPAs) with Punjab State Power Corp. Ltd for solar projects aggregating to 1.2 GW capacity. Out of the PPA capacity, 1 GW of solar projects can be developed anywhere in the country, while the balance of 200 MW of solar projects are to be developed in Punjab.
These projects will be developed within 18 months on a build-own-operate basis and will involve an investment of around INR 7,000 crore, stated SJVN.
The Letter of Intent for these 1.2 GW of projects was received from PSPCL on July 21, 2023.
The projects are expected to generate 2,997 million units in the first year and about 69,661 million units cumulatively over a period of 25 years. The commissioning of these projects will help to offset more than 34 lakh tonnes of carbon emission.
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